China GDP grows 4.5% in third quarter

China's economy grew 4.5% year-on-year in the third quarter, official data showed on Monday, keeping the lower end of Beijing's annual growth target within reach.

Gross domestic product expanded by 4.5% in July to September, according to the National Bureau of Statistics. The figure narrowly exceeded an AFP forecast of 4.4% based on a survey of economists and met the lower end of China's official annual target of 4.5% to 5.0%.