China’s Q3 GDP growth accelerates to 4.5%, beating forecast

BEIJING, Oct 19 (Reuters) China s economic growth rebounded to 4.5% year-on-year in the third quarter, beating ​expectations and easing the ‌pressure on policymakers to deliver more aggressive stimulus measures to meet the annual target. Analysts polled by Reuters had forecast ‌4.4% ​growth in gross domestic ⁠product (GDP) from the ⁠same period last year, an improvement from the more-than-three-year low of 4.3% in the April-to-June period. Aiming ​for 4.5%-5% growth for the whole year, China s top leaders had ⁠vowed to introduce ⁠effective new policies to ​support the economy as muted domestic ​demand and investment weighed on a ‌broader recovery despite solid goods export performance. Authorities recently expanded support for home buyers and unveiled measures to ⁠steer cheaper credit into sectors including infrastructure and technology. They have refrained from releasing ⁠large-scale ‌stimulus. On a quarterly basis, GDP ⁠grew 1.2% in the ​third ‌quarter, surpassing expectations for