Growth shows recovery on track for 2016

The Chinese economy continued to show signs of steady recovery in October, and analysts said it is expected to remain stable in the fourth quarter, with the year's GDP growth set to exceed the minimum target of 6.5 percent.

Fixed-asset investment growth rose to 8.3 percent year-on-year in the first 10 months, quickening by 0.1 percentage point compared with the year-to-date average through September, the National Bureau of Statistics said on Monday.

Property investment rose by 13.4 percent in October from a year earlier, compared with 7.8 percent growth in September, according to Reuters calculations based on the NBS data. That's despite the spate of policies recently issued to tighten home buying.