In the first three quarters, faced with grave and complex international environment and challenging tasks in promoting reform, development and stability at home, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while ensuring stability, and fully and faithfully applied the new development philosophy on all fronts. All regions and departments ... (full story)

The official data released by the National Bureau of Statistics (NBS) showed on Wednesday that China’s economy expanded at an annual rate of 4.9% in the third quarter of this year, as against the 6.3% growth in the second quarter. The market expectation was for an expansion of 4.4% in the reported period. Over the quarter, Chinese Gross Domestic Product (GDP) increased by 1.3% in Q3 vs. 1.0% expected and 0.8% previous. China’s September Retail Sales YoY, jumped 5.5% vs. +4.9% expected and +4.6% prior reading while the country’s Industrial Production came in at 4.5% YoY vs. 4.3% forecasts and August’s 4.5%. Meanwhile, ... (full story)

China’s third-quarter economic growth came in stronger than expected, boosting hopes that the world’s second-largest economy will meet Beijing’s annual target this year. China posted 4.9% growth in the July to September quarter from a year earlier, according to a release from China’s National Bureau of Statistics on Wednesday. That’s stronger than economists expectations for third-quarter GDP of 4.6%, according to a Reuters poll. This follows the 6.3% print for the April-June quarter and 4.5% growth for the January-March quarter. On a quarter-on-quarter basis, China’s economy grew 1.3% in the third quarter, stronger ... (full story)