Economic growth keeps momentum

The Chinese economy has completely extricated itself from the downturn risk that emerged after the outbreak of the global financial crisis in 2008 and is again on a steady and healthy track, the third quarterly economic data released by the National Bureau of Statistics (NBS) shows.

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The 10.6 percent GDP growth rate in the first three quarters overshadows economic performances in the United States, other Western countries and even some emerging economies. It is expected that China's GDP growth for the full year will be 10 percent if it can maintain the current momentum in exports, consumption and investment, the three major engines for a country's economy.

The just-published economic data shows that the country's agriculture enjoys good prospects and there is expected to be a bumper harvest in the autumn. Despite occasional natural disasters over the past years, the country has still managed to achieve good agricultural production and there has been almost no time when its main agricultural products were in short supply. This is largely related to preferential government polices, the substantial improvement in agricultural efficiency and the increasing marketization of agricultural production over the past years.