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China's gross domestic product expanded 6.7 percent year-on-year in the first three quarters of 2018 to about 65.09 trillion yuan, official data showed.

China's economic growth will average about 6.7 percent this year and ease to 6.3 percent in 2018, Coulton predicted.

China's influence on the global economy is far greater than its own weight. More importantly, such influence is also reflected in China's presence at the core of the global supply chain. Over the past decade, China has become the center of the global supply chain network, with import and export of intermediate products accounting for a relatively high proportion.

China's economy grew by 6.0 percent year-on-year in the third quarter, versus 6.2 percent in the second one, the National Bureau of Statistics said on Friday.The country's overall GDP growth reached 6.2 percent year-on-year in the first three quarters of this year, the NBS said.The Chinese economy maintained overall stability in the first three quarters, but is under mounting downward pressure, the administration said in a statement. The country will "place stable growth and reasonable range of economic development at a more prominent position," the statement said.Retail sales increased by 7.8 percent year-on-year last month, versus 7.5 percent in August.The country registered a 5.8 percent industrial output growth in September, compared with 4.4 percent in August.Fixed-asset investment expanded by 5.4 percent during the January-September period, compared with 5.5 percent in the first eight months. Real estate investment growth in the first nine months rose by 10.5 percent, the same as in the first eight months.Surveyed urban unemployment rate nationwide was 5.2 percent in September, unchanged from August.

China's economy grew 6.9 percent in 2017, topping both the official target and 2016 growth.