GDP rose 3.9% in the July to September quarter, but China remains on track to deliver among weakest growth in almost four decades

China’s economy rebounded at a faster-than-expected pace in the third quarter, but strict Covid-19 curbs and fears of a global recession have meant that growth was still well below the nation’s full year targets.

Gross domestic product in the world’s second-biggest economy rose 3.9% in the July to September quarter year-on-year, official data showed on Monday. That was above the 3.4% forecast in a Reuters poll of analysts.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Coronavirus pandemic plunges millions of Americans into poverty

Two new studies show at least 6m more people now live in…

Russian TV presenter accused of inciting genocide in Ukraine

Anton Krasovsky, from state-funded RT channel, is suspended after calling for Ukrainian…

USA swimmer Ryan Murphy sparks war of words over doping after Olympic final

Murphy says 200m backstroke final ‘probably not clean’ Russian winner Rylov says:…

Lost library of literary treasures saved for UK after charity raises £15m

The Honresfield library, including manuscripts by the Brontës, Jane Austen and Walter…