China’s economy grows at annual rate of 6.7%

china_growthChina’s economy grew at an annual rate of 6.7% in the three months to September, the country’s statistics bureau has said.

This was the same rate as the previous two quarters, and was in line with forecasts.

The spell of stability will continue to reassure investors after China’s markets and currency crises earlier this year.

China’s economic performance has a big knock-on impact around the world.

Full year growth for 2016 is likely to be weaker than last year’s, which was already the slowest in 25 years.

China is the world’s second-largest economy and the second-biggest importer of both goods and commercial services.

China also plays an important role as a buyer of oil and other commodities. Its slowdown in growth has been a factor in the decline in prices of those goods.

Also published on Medium.

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