China Growth Holds at 6.7%, Backed by Government and Consumers

October 19, 2016 3:09 AM

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China’s economic growth remained stable in the third quarter, all but ensuring the government’s full-year growth target will be hit and paving the way for a policy switch toward reining in financial risks.

Gross domestic product rose 6.7 percent in the third quarter from a year earlier, matching the median projection by economists surveyed by Bloomberg, and smack in the middle of the government’s 2016 goal of 6.5 percent to 7 percent growth. Services industries paced the expansion in the first nine mo...

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