Premier Li applauded China’s economic growth, citing the contribution of consumers and service industry.
Domestic demand is a key pillar of Chinese economy as the second quarter saw smooth growth, Premier Li Keqiang said.
China collected 8.97 trillion yuan ($1.33 trillion) in taxes from January to September, up 7 percent year on year, the State Administration of Taxation (SAT) said.
China’s foreign service trade continued to post double-digit growth in the first nine months of the year amid government supportive measures, official data showed.
China’s crude steel output rose slightly in the first three quarters this year, data from the country’s top economic planner showed.
Global rating agency Fitch said risks of a hard landing for China’s economy and of a further sharp depreciation of the yuan have receded in the near term.
Entrepreneurs’ confidence in the economy has been restored as it shows more signs of stabilizing, a survey indicates.
The transition of China’s economy will become an important driver of world economic growth, an expert said.
Chongqing and Guizhou took the lead in regional development, with GDP growth rate exceeding 10 percent.
Profit growth of China’s major industrial firms slowed in September, but analysts said the country’s corporate profitability may continue to improve.
