On Thursday China said that its economy posted slower but still strong growth in the third quarter, which forecasters said that moves to control soaring property prices and bank lending had not been too callous.

Consumer prices get higher at their fastest speed in almost two years in September; this was showed by official data a clear explanation for Beijing's result this week to climb interest rates for the first time since 2007.

At first Asian markets countered positively to the news, through share prices in Shanghai and Hong Kong higher after the data was released, before falling back over price rises fears.

According to the National Bureau of Statistics (NBS) data, gross domestic product stretched by 9.6 percent year-on-year in the third quarter, striking analyst estimates for 9.5 percent growth.

The figure manifested a turn down from the 10.3 percent growth in the second quarter and the blazing 11.9 percent in the first three months since Beijing started to take out stimulus actions which were introduced to conflict the global crisis.

NBS spokesman Sheng Laiyun told a press conference that the overall economy ruins crash, and the momentum of monetary recovery is further secured.