Here Is Why China's Economy Has Stabilized in 2016

China's economy grew 6.7% in third quarter, in-line with previous quarters in 2016 and economists' expectations. "I think this is largely another 'breathe a sigh of relief' quarter for the Chinese economy," said Jasper Lawler, a market analyst at CMC Markets in London. "The yuan is trading at its lowest level all year - the last thing we need is a repeat of the way we started 2016 with fears over the Chinese economy and another bout of currency devaluation - that doesn't look like its in the cards." China's economy grew 6.9% in 2015. TheStreet's Scott Gamm reports from Wall Street. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet