Chinese GDP growth steady in Q3Staff Writer | October 19, 2016
China's gross domestic product grew at a steady clip during the third quarter of 2016, but some economists cautioned that the expansion was running on borrowed time.
Asia The rate of growth in construction and industry slowed
Official data showed GDP increased at a 6.7% year-on-year pace in the third quarter, exactly the same as over the previous two quarters, with a slight slowdown in construction and industry offset by quicker growth in services.
The rate of growth in construction and industry slowed from a 6.3% year-on-year clip to 6.1%, whereas output on the services side of the economy picked up from the 7.5% seen over the three months to June to 7.8%. ■