The world's second-largest economy grew 6.7 percent on-year during the July-September quarter, unchanged from the previous three months, government data showed on Wednesday.

The report was bang in line with Reuters' prediction and revealed a steadying pace of expansion as the Chinese government ratchets up spending and as a property boom offsets stubbornly weak exports.

"As always, the GDP figures will be met with some skepticism...We think that the official figures, which failed to reflect much of the sharp slowdown in growth shown by our measurements last year, are now failing to acknowledge a recent pick-up in growth," Julian Evans-Pritchard, China economist at Capital Economics, said in a note.

Asian equity markets were little changed following the data, while the Australian dollar was steady at $0.7685.



With the economy regaining its poise, the government may now look to curb the frenzy in the country's property sector, analysts said.



"The government will now focus on capacity reduction and corporate deleveraging. Supply-side structural reforms will set the tone of overall economic policy through to the Congress meeting next March," Australia New Zealand Bank economists said in a note.

They expect the People's Bank of China to leave interest rates unchanged until year-end while focusing on managing liquidity in the money market.

