After India's 8.2%, China's GDP grows at its slowest pace for nine years in Q3. Full details here

China's ecomy grew at its slowest pace in nine years in third quarter, as a campaign to tackle mounting debt and tre frictions with US h an effect.

world's second-largest ecomy expanded by 6.5 per cent in July-to-September period year-on-year, according to official GDP figures released Friday by China's National Bureau of Statistics.

rate is down from 6.8 per cent and 6.7 per cent in first and second quarters, respectively, but in line with a growth target of roughly 6.5 per cent for year set by China's ecomic policymakers.

"Faced with an extremely complex environment abro and daunting task of reform and development at home", China's ecomic growth remained generally stey, said NBS spokesman Mao Shengyong.

RE | India's Q1 (April-June) 2018-19 GDP Estimated To Have Grown At 8.2%

tre row with US comes at a tough time for China's ecomy, which has been hit by government's efforts to tackle a mountain of debt, with credit tightening and infrastructure investment falling.

data Friday showed fixed-asset investment ticked up 5.4 per cent on-year in January-September period from record lows year earlier when Beijing was reining in spending on bridges, railways, and highways.

Analysts say slowing growth could prompt an end to Beijing's fiscal prudence.

China's cabinet has alrey indicated it will step up support and quicken infrastructure project approval in coming months - though experts do t expect measures to kick in until next year.

gloomy export picture has reinforced need for Beijing to rely on its legion of consumers to grow its ecomy.

Retail sales, a window into Beijing's aim to get consumers spending to drive ecomy, expanded 9.2 per cent for month compared with last year, from 9.0 per cent in August and ahe of estimates.

Relations between world's two largest ecomies have soured sharply this year, as US President Donald Trump turned to hiking tariffs to force concessions in tre negotiations with Beijing.

Washington has hit roughly half of Chinese imports while Beijing has taken aim at most US imports.

Exports still drive a significant chunk of China's ecomy and Washington's tariffs targeting cars, machinery, electronics, consumer appliances and ors have led many firms to shift production and hold off on furr China investment.

So far exports to US have held up but ecomists expect tre frictions to weigh on growth in coming months and into next year.

conflict has more directly hit confidence in China.

Shanghai's stock market has fallen by roughly a quarter this year, while yuan has slipped about nine per cent against dollar.

"If market becomes a bit panicked... that can dampen investment, investment and tre are closely linked so this can be a vicious cycle," said Lian Weicheng, an ecomist at International Monetary Fund.

Business surveys alrey show many US and European firms halting investment plans for China as tre tensions cloud future prospects.