China 3Q economic grows moderately and steadily; to continue to adopt prudent monetary policy - PBOC.
A survey conducted by the People's Bank of China suggested that China's third-quarter economy grew moderately and steadily with major indicators quickening.
Consumption demand, fixed asset investment, exports and production in agricultural and industry picked up with GDP rising 7.4% year-on-year and 2.2% quarter-on-quarter.
The PBOC said it will continue to adopt a prudent monetary policy to strike a balance among economic growth, price stabilization and risks, and stabilize monetary environment and overall economy.
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