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China GDP Shows Pickup Signs After Seven-Quarter Slowdown

China’s industrial production, retail sales and fixed-asset investment accelerated in September, reducing the urgency for added stimulus to support the economy after a seven-quarter slowdown.

Gross domestic product expanded 7.4 percent in the third quarter from a year earlier, the National Bureau of Statistics said in Beijing today. That matched the median estimate in a Bloomberg News survey and compares with a previously reported 7.6 percent expansion in the second quarter. GDP rose 2.2 percent from the prior period, a four-quarter high.