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China’s gross domestic product expanded 9.1 per cent in the third quarter from a year earlier, the slowest pace in more than two years for the world’s second largest economy, which expanded 9.5 per cent in the second quarter.
But the slowdown in growth, announced on Tuesday by China’s National Bureau of Statistics, is likely to add to the consensus among most economists that the country is on track for a “soft landing” of moderating growth and cooling inflation.
But the slowdown in growth, announced on Tuesday by China’s National Bureau of Statistics, is likely to add to the consensus among most economists that the country is on track for a “soft landing” of moderating growth and cooling inflation.
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