BEIJING, Oct. 19 (Xinhua) -- China's gross domestic product (GDP) growth in the first three quarters should exceed 7 percent, Xiong Bilin, deputy director general of the Industry Department of the National Development and Reform Commission (NDRC), said Monday.

Related

China's 2009 GDP growth revised up to 8.2%  China's GDP to grow around 9% in Q3: report  China's economy rebounds to 7.9 pct in Q2, recovery in sight  China's GDP up 6.1% in first quarter

    The specific GDP growth figure in the first three quarters is scheduled to be released Thursday.

    Few difficulties stood in the way of China realizing its annual target -- made early this year -- of 8 percent GDP growth year on year, said Xiong at a press conference highlighting production overcapacity.

    The government's 4-trillion-yuan (585.65 billion U.S. dollars) stimulus package, rolled out in November last year, contributed much to China's economic recovery, Xiong said.

    China's GDP growth was 7.1 percent in the first half over the same period last year with 6.1 percent in the first quarter and 7.9 percent in the second.

    The NDRC would mainly redress production overcapacity in six sectors, including steel, cement, plate glass, the coal-chemical industry, polycrystalline silicon and wind power equipment, said Xiong.

    The NDRC also warned of obvious production overcapacity in sectors like electrolytic aluminum, ship manufacturing and soybean oil extraction.

Related:

·China's housing prices rise 2.8% in September

·China receives $7.9 bln FDI in September

·China's power consumption continues to rise in Sept.

·China's imports, exports drop 10.1% in September

·China aviation industry earns 9.1 bln yuan in first nine months

·Output value of China's plastic products industry rises 9.5% in first eight months

Special Report:  Global Financial Crisis