Chinese growth rebounds to 7.8%

The country's GDP rose 7.8% in the July-September period compared to a year earlier, the National Bureau of Statistics said overnight in Beijing, matching estimates from forecasters. The jump - which follows two quarters of slowing GDP growth - was driven by industrial production which expanded by 10.2% in September alone, while retail sales also rose 13.3%. China is desperate to meet its growth forecast for the whole year of 7.5%, but this had been in doubt as a result of slowing growth in the previous two quarters. The latest figure is up from 7.5% in the second quarter, and also...