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China's Q3 GDP up 6.9% y-o-y compared to forecast of 6.8%
China's economy grew xx percent on-year in the third quarter, compared with 7 percent in the previous three months, official data showed on Monday. Analysts polled by Reuters had forecast gross domestic product (GDP) in the world's second-largest economy would grow 6.8 percent in July-September period from a year earlier. The government has set its annual economic growth target at "around 7 percent" for 2015. At the weekend, Chinese Premier Li Keqiang said that with the global economic recovery losing steam, achieving domestic growth of around 7 percent was "not easy." Ahead of the data, Alastair Chan, economist at ... (full story)
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