Сhina’s GDP Growth Falls Below 7% in 3Q15 – Statistics Agency

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China’s economic growth stood at 6.9 percent in the third quarter of 2015, reaching its slowest pace since March 2009, the country’s National Bureau of Statistics announced Monday.

BEIJING (Sputnik) – The figures, nevertheless, have beaten economists’ estimates for 6.8 percent in the three months of the year through September.

"Specifically, the year-on-year growth was 7.0 percent for the first quarter, 7.0 percent for the second quarter and 6.9 percent for the third quarter," the bureau said in a report.

The statistics agency qualified the overall performance of national economy as "stable and moving in a positive direction."

Beijing is striving to reach its planned goal of 7-percent growth in GDP in 2015 amid rising concerns over the slowdown in the Chinese economy.

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