皇冠体育app

-- 皇冠体育app's gross domestic product growth accelerated to 7.8 percent in the third quarter, up from 7.5 percent in the second quarter, the National Bureau of Statistics announced on Friday.

Growth in the first nine months stood at 7.7 percent, which is in line with market expectations and was above the government's full-year target of 7.5 percent.

"皇冠体育app's economy has maintained a steady growth with major indicators staying within the rational range," Sheng Laiyun, a spokesman for the NBS, said at a press conference.

According to the NBS data, the GDP totaled 38.68 trillion yuan ($6.3 trillion) in the first nine months.

"Major economic indicators are in favour of promoting economic restructuring and pushing forward reforms," Sheng said, adding that the authorities would let the market play a better role to bring out the economy's intrinsic vigor.

The latest GDP figures headed a string of other data showing a rebound in the world's second-largest economy after 皇冠体育app's full-year annual growth eased to 7.8 percent last year, its weakest since 1999.

Industrial output increased 9.6 percent year on year in the first nine months of 2013, while the growth of fixed-asset investment, a measure of government and private spending on , stood at 20.2 percent during the period, up 0.1 percentage points over the first half of the year.

Retail sales, a key indicator of consumer spending, increased 12.9 percent from a year earlier. The growth rate picked up by 0.2 percentage points from the first half, according to the NBS.

Chinese President Xi Jinping expressed confidence in 皇冠体育app's economic future while addressing the Asia-Pacific Economic Cooperation (APEC) CEO summit on the Indonesian resort island of Bali earlier this month.

"Impetus comes from reform, regulation and innovation," he said, adding that the slowdown is an intended result of 皇冠体育app's own regulatory initiatives.

Zhang Liqun, of the Development Research Center of the State Council, said the Chinese economy has stabilized after the downward trend of past quarters, as shown by the GDP data.