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China's GDP grows 6.8% YoY in Q3, in line with forecasts; steel output down

The Australian dollar, seen as a proxy for China demand, was little changed

Reuters  |  Beijing 

China's economic growth slowed slightly as expected in the third quarter as the government's efforts to rein in the property market and debt risks tempered activity in the world's second-largest economy. While China produced forecast-beating growth of 6.9 per cent in the first half, many economists and investors had expected momentum would start to fade as the government cracks down on riskier lending and speculation in the housing market. China' central bank governor said earlier this week that the economy could grow 7 per cent in the second half of this year, ...

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First Published: Thu, October 19 2017. 11:09 IST