As per the government’s data China’s economy has grown with an annual rate of 6.7%in the last three months showing the stability country’s economy is boasting.
The growth rate is assuring investors of China’s stability.
China’s economic performance always has a huge impact on the world economy. As per the experts, the full year growth for 2016 is likely to be slower than last year’s, which itself was the slowest in 25 years.
Real estate sector has been a great booster for China’s economy this year. Data released on Wednesday shows that investment in property has raised by 5.8% between January and September and sales have grown by 27%.
The country is the world’s second-biggest economy and the second-largest importer of goods and services. It is an important buyer of the oil too.