GDP growth eases but economy stable
By Xin Zhiming and Zhou Lanxu | China Daily | Updated: 2018-10-20 07:10
China's GDP growth eased to 6.5 percent year-on-year in the third quarter, the lowest in nearly 10 years, but the fundamentals remain stable, as the country has taken a series of measures, such as tax cuts, to revitalize the economy and increase people's income.
In the first three quarters, the country saw GDP growth of 6.7 percent, according to data released by the National Bureau of Statistics on Friday.
During the same period, China's nominal per capita disposable income increased by 8.8 percent year-on-year, faster than its GDP growth.
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