China’s Growth takes Pressure of Leaders

China’s economy powered ahead in the third quarter, taking some pressure off the country’s leaders as they seek to execute painful structural reforms.

Gross domestic product grew 7.8% over the previous year during the third quarter, the National Bureau of Statistics reported Friday. The performance matched the 7.8% median estimate of economists surveyed by CNNMoney. Second quarter 2013 growth was 7.5%.

Initial market reaction in Asia was muted, with most indexes in positive territory following the release.

CNN

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.