China’s economy steadied in the third quarter, expanding by 7.8 percent compared with a year earlier, the government said Friday, indicating that the economy has pulled out of a jittery period of slowed growth thanks to revived investment, consumer spending and factory production.
Economists disagree over how robust that economic uptick is, with some arguing that a boost provided by a rise in bank credit could soon fade. But the third-quarter data are likely to give policy makers in Beijing more confidence that, for now, they can maintain adequate growth without resorting to major stimulus initiatives, several economists said.
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Chris Buckley, The New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/auweYFAkSVc/
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