On a quarterly basis, it grew 1.8 percent, again in line with expectations but easing slightly from the previous period.
PROPERTY MARKET BIGGEST RISK FOR NOW
Economists believe the greatest near-term risk for China is a possible correction in the high-flying property market, which accounts for about 15 percent of GDP.
Real estate investment accelerated in September and home sales soared, highlighting persistent investor demand even as more cities tighten measures to curb prices.
Property investment growth ticked up to 7.8 percent in September on-year, and property sales surged 34 percent, though new construction starts fell 19.4 percent, suggesting sentiment among builders may be shifting as the government looks to cool the buying frenzy.
A wave of restrictions imposed on buyers in major cities since early October has resulted in a sharp drop in sales and authorities are stepping up pressure on speculators.
Shanghai said on Tuesday it had punished some property agencies for falsifying contracts and had launched probes into some developers suspected of raising prices without authorization.
Most economists do not expect house prices to collapse, arguing the market is supported by steady migration to bigger cities, but memories are still fresh of authorities' heavy-handed attempt to cool surging stock markets last year, which triggered a crash and an unprecedented government rescue.
【China third quarter GDP grows 6.7 percent as expected as construction booms, debt rises】相关文章:
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15