China's economy grew 9.1 per cent in the third quarter from a year earlier, the slowest pace since 2009, adding to concern that the global recovery is fading as Europe's debt crisis deepens.
The gain was less than the median estimate of 9.3 per cent in a Bloomberg News survey of 22 economists and follows a 9.5 per cent increase in the previous three months. The statistics bureau released the data yesterday.
China's economy grew 2.3 per cent in the third quarter from the previous three months, seasonally adjusted, the statistics bureau said. That compared with a revised 2.4 per cent gain for the second quarter.
Asian policymakers faced a "delicate balancing act" with inflation remaining elevated while Europe's crisis threatened growth, the International Monetary Fund said last week.
China has raised interest rates five times over the past year, curbed lending and imposed limits on home purchases to rein in property and consumer prices. Home prices gained in fewer than half of the 70 Chinese cities monitored by the Government in September from the previous month as sales eased following harsher policies to curb the risks of asset bubbles, the bureau data showed.
