China’s gross domestic product expanded 9.1 per cent in the third quarter from a year earlier, the slowest pace in more than two years for the world’s second-largest economy, which expanded 9.5 per cent in the second quarter.
But the slowdown in growth, announced on Tuesday by China’s National Bureau of Statistics, is likely to add to the consensus among most economists that the country is on track for a “soft landing” of moderating growth and cooling inflation.
Consumer inflation in China has been running at three-year highs in recent months and Beijing has been steadily tightening monetary policy over the last year in an attempt to rein in overheated growth and slow rapid price increases.
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