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The Chinese economy has registered a YOY growth of 8.9% during the Q3 of 2009-10 fiscal with 7.7% YOY in the initial nine months.
The growth rates for the Q1 and Q2 had stood at 6.1% and 7.9% respectively.
The National Bureau of Statistics spokesman Li Xiaochao has cited that the Chinese GDO stood at 21.78 trillion yuan for the first nine months. He mentioned that China was able to achieve this because of the policies adopted by the government to counter economic meltdown.
"Currently, the Chinese economy is in a critical period of stabilisation and moving upward. The basis for a full economic recovery needs to be consolidated. Overseas demand is still weak and it is still a tough task (for China) to expand domestic and adjust the economic structure," Li said.
He has also cited that with China sticking on to these macro-economic policies, it will be able to maintain continuity as well as stability in the future also.
On Wednesday, the State Council, China's cabinet, said in a statement that the country's economic and social development was better than expected.
The China's consumer price index has witnessed a YOY dip of 1.1% in the first nine months.
The producer price index used for measuring of wholesale inflation rate has witnessed a YOY decline of 6.5% during the period under consideration.
Industrial output has surged by 12.4 % in the Q3.
