(DJ) DJ China Official: GDP Slowdown Due To Base Effect, Macro Controls
BEIJING (Dow Jones)--The slowdown in China's gross domestic product growth in the third quarter was due to a higher comparison base in the year-earlier period, and macroeconomic controls put in place by the government, Sheng Laiyun, spokesman for the National Bureau of Statistics, said at a news briefing Thursday.
The pace of China's economic slowdown has moderated, and the country's positive economic trend has been consolidated, he said.
China's GDP grew 9.6% from a year earlier in the third quarter, slowing from the 10.3% rise in the second quarter.
Sheng said the slowdown in industrial production growth was similarly due to a low comparison base, as well as controls put in place by Beijing on highly polluting and energy-intensive industries.
Stabilization has also been seen in China's investment, consumption, and foreign trade, Sheng said.
