China economy shows solid momentum but property curbs bite

This photo taken on August 9, 2014 shows workers dismantling electronic waste at a workshop at Guiyu Township in Shantou City, south China's Guangdong. - AFP PHOTO / JOHANNES EISELE

BEIJING: China’s economic growth looked set to accelerate for the first time in seven years this year, after hardly skipping a beat in the third quarter, but efforts to cut risks in property and debt are beginning to weigh on parts of the world’s second-largest economy.

Beijing’s push to consolidate and restructure its industrial sector have paid dividends as factory output beat expectations, while strong fiscal spending and sustained public investment helped boost domestic demand.