China's economic growth picks up in third quarter

Key points

• China's economy grew 4.5 per cent in the July-September quarter compared with a year earlier, official data released on Monday showed. The result beat expectations and was up from 4.3 per cent in the April-June period.
• Exports rose 21.3 per cent over the first nine months, but domestic consumer spending and investment remain weak.
• The property downturn and falling land sales revenue for local governments are also weighing on recovery.