Many economists reportedly expressed doubts if the robust growth rate will sustain itself in the long run despite the country's latest GDP performance. China's GDP grew by 6.7 percent during the third quarter of this year.

Their doubts can be attributed to apparent weakness in the real estate sector, which traditionally has been one of the main growth engines of the Chinese economy.

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The real estate sector contributed nearly eight percent to China's GDP from January to September, according to National Bureau of Statistics (NBS). NBS data show that the sales of homes across China during this year's first three quarters reached 8.02 trillion yuan ($1.2 trillion), an increase of 41.3 percent on year-on-year basis.

The new home loans in the same period amounted to 3.63 trillion yuan, accounting for 35.7 percent of all new loans issued during the period.

However, these data may not look very rosy in the coming months, as experts caution that new real estate policies issued last month may dampen demand for new homes across China. The new real estate policies, which have been described as tough, are expected to bring down speculative prices across first and second tier cities.

An expert says new policies will protect real estate sector from over-heating, but will equally impact the economy. 

"Tightened property policies will affect real estate investment and may slow GDP growth in the fourth quarter," said Yin Zhongli, a real estate expert at the Institute of Finance and Banking at the Chinese Academy of Social Sciences.

Yin added that anticipation of slowdown in property market will affect real estate-related industries, such as steel and iron.

TagsChinese Real Estate Sector, Chinese Economy, china, Chinese Property Market