China's Q3 Growth Rate At 4.6%... Target Warning: Around 5%

China's economic growth rate in the third quarter was only 4.6%, which turned on a warning light to achieve its goal of around 5% this year.

China's National Bureau of Statistics said gross domestic product (GDP) rose 4.6% in the third quarter of this year compared to the same period last year.

It was slightly above the market forecast of 4.5% compiled by Reuters and Bloomberg, but below the GDP growth rate of 4.7% in the second quarter.

China's economy continued to grow 4.9% in the third quarter of last year, 5.2% in the fourth quarter and 5.3% in the first quarter of this year, but slowed to 4.7% in the second quarter.

By the third quarter of this year, the cumulative growth rate was 4.8%, which is said to have given a red light to achieving the "around 5%" growth target.

Chinese authorities have been pouring out a series of stimulus measures following the announcement of a liquidity supply policy on the 24th of last month to boost economic performance in the fourth quarter.