China is growing rapidly

China's growth accelerated to 8.9% in third quarter
China's economy posted an 8.9% growth rate in the third quarter, the best quarterly performance so far this year, the National Bureau of Statistics said. The figure means that the world's third-largest economy is on track to reach its 8% annual growth target for the full year, the government said. Even with the growth rate increasing, the nation faces significant economic challenges, said Li Xiaochao, a spokesman for the statistics bureau. "At present, it's a crucial stage for the national economy to realize stable growth," he said. "Yet the basis of the economic recovery still needs to be consolidated." Google/Agence France-Presse

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