Global Economic News

China GDP Climbs 1.7% In Q3

China's gross domestic product expanded 1.7 percent on quarter in the third quarter of 2017, the National Bureau of Statistics said on Thursday.

That was in line with forecasts and down from 1.8 percent in the second quarter.

On a yearly basis, GDP advanced 6.9 percent - unchanged from the previous three months and exceeding expectations for 6.8 percent.

The bureau also said that industrial production jumped an annual 6.6 percent in September - beating forecasts for 6.5 percent and up from 6.0 percent in August.

Retail sales were up 10.3 percent on year, beating expectations for 10.2 percent and up from 10.1 percent in the previous month.

Fixed asset investment was up an annual 7.5 percent, missing forecasts for 7.7 percent and down from 7.8 percent a month earlier.

by RTTNews Staff Writer

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