China Q3 GDP growth slows to 4.8 per cent

Analysts polled by Reuters had forecast July-September gross domestic product (GDP) would expand 4.8 per cent from a year earlier, slowing from the second-quarter's 5.2 per cent pace.

China is aiming for full-year growth of around five per cent.

On a quarterly basis, GDP grew 1.1 per cent in the third quarter, the National Bureau of Statistics data showed, compared with a forecast 0.8 per cent increase and a revised 1.0 per cent gain in the previous quarter.

The world's second-largest economy has steadily lost momentum following a strong start to the year, weighed down by a prolonged property slump, weak consumption and trade tensions.Â

with AP