China’s economy growth is projected at 6.8% in the third quarter

Almaty. October 11. Silkroadnews - China’s economy growth is projected at 6.8% in the third quarter, China Daily reported.
“China’s economy is predicted to expand 6.8 percent in the third quarter, drawing strength from the country's supply-side structural reforms, property market recovery and global economic improvements, according to a government think tank report. The predicted growth by the Chinese Academy of Social Sciences (CASS) is slightly lower than the 6.9-percent expansion seen in the first half of the year, but still well above the government annual target of 6.5 percent,” the report reads.
According to CASS estimates, the country’s output and consumption will continue to grow, although investment growth may slow.
The official data says real estate investment in China increased by 7.9% year-on-year in January-August, unchanged from the growth in the first seven months.
Along with the world economy recovers, the country’s exports and private investments will, reportedly, continue to grow as well.
The publication says China may experience a moderate increase in inflation, as CASS expects that China’s consumer price index will grow by 1.7% and 1.5% in the fourth quarter and in annual terms, respectively.
The think tank forecasts economic growth of 6.7% in the fourth quarter and 6.8% in 2017 as a whole.