China GDP Growth Slows, but Meets Expectations

Before you go, we thought you'd like these...
Before you go close icon

China's GDP growth slowed in the third quarter to 7.4% year-over year, reported the country's National Bureau of Statistics. This is down from 7.6% for the second quarter and 8.1% for the first quarter, the bureau reported.

This is the lowest rate since 2009. although it broadly met expectations.

Other metrics showed some growth. Total retail sales of consumer goods were a bright spot, rising 14.2% year-over-year in September. Consumer prices inched up 1.9% on an annual basis in September. This compares favorably to the higher figures of recent months and quarters.


The bureau also reported that in the first three quarters of the year, the per-capita disposable income of urban households clocked year-on-year growth of 13%, falling to 9.8% growth after deducting price factors.

The article China GDP Growth Slows, but Meets Expectations originally appeared on Fool.com.

Eric Volkman has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners