China’s economy grew 7.8 per cent in the third quarter of 2013 from a year earlier, the National Bureau of Statistics said in Beijing today.
That hit analyst expectations and was up from a 7.5 per cent advance in the second quarter.
The statistics bureau released the numbers in a statement in Beijing today before a news conference to discuss the data.
The economy expanded 2.2 per cent in the July-September period from the previous three months, the bureau said, compared with forecasts for a 2.1 per cent advance.
Industrial production rose 10.2 per cent in September from a year earlier, the report showed. That compared with the 10.2 per cent median forecast of 48 economists and a 10.4 per cent gain in August.
Fixed-asset investment excluding rural households increased 20.2 per cent in the January-to-September period from a year earlier, the report showed. That was also in line with expectations of a 20.3 per cent rise and a 20.3 per cent increase in the first eight months of 2013.
Retail sales in September rose 13.3 per cent from a year earlier after a 13.4 per cent increase in August. The median forecast was for an increase of 13.5 per cent.
In the first nine months of the year, GDP grew 7.7 per cent from a year earlier, the report showed.