BEIJING, Oct. 21 -- Despite challenges at home and abroad, China is able to maintain a stable economic performance with the help of pro-growth policies, experts said.
Latest data shows that China's GDP expanded 6.7 percent year on year in the first three quarters of 2018, with the growth rate slowing to 6.5 percent in the third quarter (Q3) from 6.7 percent in the second quarter.
While the pace signaled a trend of overall stability and steady progress, China faces more external challenges and rising downward pressure, according to the National Bureau of Statistics.
The slowdown in Q3 was a combined result of external headwinds as well as decelerated growth in domestic infrastructure investment, the financial research center at the Bank of Communications said in a report.
As China increased policy incentives from August to improve infrastructure, investment growth will likely recover in Q4, the report said.
"We are fully confident that China is able to achieve its annual growth target of 6.5 percent," it said.
China's economy is going through structural changes that many analysts said inevitably come with pains.
While fostering the growth of new drivers such as consumption and innovation, the country has remained committed to addressing existing issues, such as high financial leverage and pollution.
The key to striking a balance between maintaining growth and defusing financial risks is to properly implement the country's policies with supply-side structural reform at the core, said Vice Premier Liu He.
【国内英语资讯:Economic Watch: China able to cope with economic challenges: experts】相关文章:
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