China economic growth holds steady as retail spending rises
BEIJING – China's economic growth held steady in the quarter ending in September as trade weakened but consumer spending rose.
The economy expanded by 6.7 percent compared with a year earlier, the government reported Wednesday. That was in line with the two previous quarters and better than some forecasters expected.
Exports have contracted this year due to weak global demand but data showed retail sales grew 10.4 percent in the first three quarters of the year, up 0.1 percentage point from the first half.
"The general performance was better than expected," said a government... read more