China's economy grew stronger-than-expected 7.7 percent in the final quarter of 2013 from the year-ago period, according to official data from the National Bureau of Statistics Monday. That's ahead of a Reuters forecast of 7.6 percent.
Quarter on quarter, the world's second biggest economy grew 1.8 percent, a tad weaker than the consensus 2 percent Reuters had predicted.
This brings full-year growth to 7.7 percent, compared to government's target of 7.5 percent.
(Read more: Global economy at a turning point: World Bank)
According to Viktor Shvets, head of strategy research for Asia at Macquarie, the growth figures are less important than the rebalancing the economy needs to achieve.
The reform-minded new leadership, led by President Xi Jinping, has shown a tolerance for slower growth, while pledging to press ahead with efforts to revamp the economy for the longer term.