Hong Kong, Oct. 19 (LaPresse) – China’s gross domestic product grew by 4.5% in the third quarter compared with the same period last year. The official figures, which exceeded expectations, mark an acceleration from the 4.3% year-on-year growth recorded in the April-June period, which had represented the slowest expansion in more than three years. For the full year, China’s leadership has set a growth target of between 4.5% and 5%, below the 5% expansion recorded last year. Earlier this month, the International Monetary Fund revised down its forecast for China’s economic growth in 2026 to 4.5%, a figure that sits exactly at the lower end of Beijing’s target range. Retail sales in China rose by 1.1% year-on-year in September, compared with 0.4% in August, exceeding analysts’ forecasts of 0.5% growth. The Financial Times reports this, citing China’s National Bureau of Statistics. According to Xinhua, Chinese retail sales grew by 2.6% year-on-year in the third quarter.
China: Economy Grows 4.5% in Third Quarter
Hong Kong, Oct. 19 (LaPresse) – China’s gross domestic product grew by 4.5% in the third quarter compared with the same period last year. The official figures, which exceeded expectations, mark an acceleration from the 4.3% year-on-year growth recorded in the April-June period, which had represented the slowest expansion in more than three years. For the full year, China’s leadership has set a growth target of between 4.5% and 5%, below the 5% expansion recorded last year. Earlier this month, the International Monetary Fund revised down its forecast for China’s economic growth in 2026 to 4.5%, a figure that sits exactly at the lower end of Beijing’s target range. Retail sales in China rose by 1.1% year-on-year in September, compared with 0.4% in August, exceeding analysts’ forecasts of 0.5% growth. The Financial Times reports this, citing China’s National Bureau of Statistics. According to Xinhua, Chinese retail sales grew by 2.6% year-on-year in the third quarter.