Gross domestic product rose 4.5% year-on-year in the third quarter, beating a 4.4% market poll and accelerating from 4.3% in Q2. September figures showed a decline in unemployment to 5.2% and retail sales growth of 1.1%, though industrial output of 5.2% missed a 5.5% estimate and fixed asset investment fell 7.2%. These results contrast with warnings from AFP that domestic demand slumps and global energy shocks could cause the economy to miss official targets.
Tuesday, October 20, 2026
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China Jan-Sept GDP Growth of 4.6% Supports Annual Target
Global Markets2 days ago
Beijing is making steady progress toward its 2026 economic benchmarks by leveraging new industrial drivers and a rise in foreign trade. The nation's economy grew 4.6% in the first nine months of the year, reaching a total GDP of 107.11 trillion yuan at constant prices, according to the National Bureau of Statistics. A deputy head of the bureau characterized this expansion as "hard earned" and a solid base for hitting full-year goals, noting that high-end manufacturing and the digital economy contributed over 40% of the growth while consumption accounted for 46.7%.
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