China's mild economic rebound in the third quarter has largely secured its chance of meeting the 7.5-percent annual growth target for this year.

This is certainly good news for the world economy that has just been unnecessarily shaken by the US government shutdown and potential debt default.

China's gross domestic product grew 7.8 percent year-on-year in the July-September quarter after it dipped to 7.5 percent in the second quarter from a rise of 7.7 percent in the first quarter. It is assuring that China has so far managed to continue to serve as a source of stability in a world of fragile and uneven growth.