Caixin
Oct 18, 2024 10:00 AM
ECONOMY

China’s Third-Quarter GDP Rises 4.6%, Beating Expectations

00:00
00:00/00:00
Listen to this article 1x
China’s growth momentum has been faltering over the past few months as the economy faces the twin headwinds of tepid domestic demand and a sluggish property market. Photo: AI generated
China’s growth momentum has been faltering over the past few months as the economy faces the twin headwinds of tepid domestic demand and a sluggish property market. Photo: AI generated

The world’s second-largest economy expanded 4.6% year-on-year in the third quarter, official data showed Friday, beating market expectations.

The GDP growth figure, released by the National Bureau of Statistics (NBS), compared with the average estimate of 4.4% in a Caixin survey of economists and 4.7% in the second quarter, taking the year-on-year increase in the first nine months to 4.8%.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article
Open WeChat and scan the QR code
DIGEST HUB
Digest Hub Back
Explore the story in 30 seconds
  • China's GDP grew 4.6% year-on-year in Q3, surpassing expectations of 4.4%, but slowing from Q2's 4.7%.
  • Facing weak domestic demand and a sluggish property market, China's export growth slowed to 2.4% in September.
  • The government introduced measures like cutting bank reserve ratios and supporting housing to counteract the economic slowdown.
AI generated, for reference only
Subscribe to unlock Digest Hub
SUBSCRIBE NOW
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin Deep Dive: China’s Fiscal and Monetary Stimulus Combo
00:00
00:00/00:00