Chinese growth rebounds to 7.8%

China's economic growth accelerated for the first time in three quarters in Q3, as the country opted for an immediate boost to GDP by ramping up factory output.

The country's GDP rose 7.8% in the July-September period compared to a year earlier, the National Bureau of Statistics said overnight in Beijing, matching estimates from forecasters. The jump - which follows two quarters of slowing GDP growth - was driven by industrial production which expanded by 10.2% in September alone, while retail sales also rose 13.3%. China is desperate to meet its growth forecast for the whole year of 7.5%, but this had been in doubt as a result of slowing growth in the previous two quarters. The latest figure is up from 7.5% in the second quarter, and also...