The latest GDP figures from the eastern provinces suggest 皇冠体育app's economic growth decline might have come to an end and started to rebound, analyst said.
皇冠体育app's gross domestic product grew by 7.4 percent in the third quarter, the lowest in 14 quarters, according to data released by the National Bureau of Statistics on Thursday.
皇冠体育app's economy expanded 7.4 percent year-on-year in the third quarter of 2012, slowing from 7.6 percent in the second quarter and 8.1 percent in the first.
皇冠体育app's gross domestic product growth for 2011 has been revised upward by 0.1 percentage point to 9.3 percent, the National Bureau of Statistics said.
The growth of 皇冠体育app's GDP has become more "quality-oriented" as a related quality index has continually risen since 1993.
皇冠体育app has cut its GDP growth target to an eight-year low of 7.5 percent this year and made boosting consumer demand the first priority as the government looks to achieving long-term high quality development.