广播听力:Chinese Economy Grows at Slower Pace in Third Quarter

China's economy has continued to grow in the third quarter this year with mounting inflation. This is according to new data released from China's National Bureau of Statistics today.

CRI's Zhang Ru has more.

China's annual gross domestic product, or GDP, has continued its growth, but at a slower rate at 9.6 per cent in the third quarter.

This compares with a 10.3 per cent economic expansion in the second quarter and 11.9 percent in the first three months of the year.

Spokesman for the National Bureau of Statistics, Sheng Laiyun, says at a press conference that the slowdown of GDP is due to a higher comparison base in the year-earlier period, and macroeconomic controls put in place by the government.

"From the data, a general judgment is, the pace of China's economic slowdown has moderated, and the country's positive economic trend has been consolidated."

Sheng adds that the demand of investment and consumption has kept fast growing pace, with investment accounting for about 60 percent of the economic growth and consumption contributing 34 percent in the period.
 
Meanwhile, Chinese consumer prices rose by 3.6 per cent in September, the highest reading since October 2008.

For CRI, I'm Zhang Ru.

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