China's Economy Growing at 3.72

10/30/2014 9:56:28 AM

(MENAFN- Qatar News Agency) Beijing October 23 (QNA) - China's economic growth slowed to a five-year low of 7.3% in the third quarter raising concerns of missed targets. But there is no need for a fuss over an expected slowdown as the country aims to trade short-term pain for more sustainable growth momentum in the long run.

The slowest quarterly growth since Q1 of 2009 makes it likely China will grow in the lower range of the annual target of around 7.5% missing the target for the first time in 15 years.

But over-interpretation is unnecessary. The slowdown is understandable China's News Agency (Xinhua) reported.

In fact 7.4% GDP growth for the first nine months is remarkable worldwide. It's unfair to expect China to be Atlas the primordial Titan in Greek mythology who held up the celestial spheres alone. (QNA)

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