OREANDA-NEWS. October 30, 2012. China’s GDP rose by 7.4% year on year in Q3, up 2.2% month on month, according to data released by China’s National Bureau of Statistics, reports Shanghai Securities News.

Societe Generale pointed out that the September data attests the bottoming of China’s economy. The bank predicts that the growth would bounce back to around 7.7%.

There is no possibility to see interest rate reduction again within this year as the country’s economy has bottomed.

The government won’t be eager to announce a new round of stimulus policy.