CRI听力:China's GDP Registered at 5 Year Low

China's gross domestic product or GDP has been registered at 7.3-percent in the third quarter, hitting a five year low.

In the first nine months, the GDP expanded 7.4-percent year on year, to reach 42 trillion yuan or some 7 trillion U.S. dollars.

The GDP numbers roughly fell in line with the government's goal of around 7.5 percent this year.

Sheng Laiyun is the spokesperson for the National Bureau of Statistics.

"Even though there is a slow down in the third quarter's GDP, the employment rate and prices are generally stable. The national economy is currently in a reasonable situation."

The authority also revealed that in the first three quarters China's industrial production growth slowed to 8.5 percent year on year, down 0.3 percentage points from that of the first half.

Growth in retail sales also slowed down. Real Estate investment continued to ease this quarter.

Policy makers have stepped up their efforts to nurture economic growth over the past few months, including easing mortgage restrictions and accelerating infrastructure investment.

For more on the new GDP readings, CRI's Zhao Yang spoke earlier with Liu Baocheng, Associate Professor at the Business School of the University of International Business and Economics.

China's GDP Registered at 5 Year Low