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GDP expected to grow 6.8 percent

China's economy is likely to grow by 6.8 percent year-on-year in the third quarter, thanks to steady consumption and investment, according to a Chinese government think tank report. The firming trend in the first half of 2017 will continue into the third quarter, according to the Chinese Academy of Social Sciences, citing steady consumption and robust infrastructure investment. The report forecast that consumption growth will rise around 10 percent and infrastructure investment will grow around 20 percent in the second half of the year. CASS estimated that China's economy would expand by 6.7 percent and 6.8 percent in the fourth quarter and for the whole year, respectively.