Beijing economy won’t pack the same punch

Here’s the good news out of China: While third-quarter economic growth decelerated to its slowest since 2009, it was still faster than anticipated, thanks to a resilient services sector and buoyant consumer spending.

It could have been worse for the world’s second-biggest economy, especially after this summer’s stock - market rout, which followed a surprise devaluation of the yuan on August 11.

GDP rose 6.9% in the three months through September, from a year earlier, beating economists’ estimates for 6.8%.