China's National Bureau of Statistics says the country's Gross Domestic Product grew 3.9 percent in the third quarter from the same period a year earlier.
The July-to-September figure was announced about one week after Chinese officials postponed its release.
The data shows that China's economy was able to bounce back from the effects of tightened COVID restrictions imposed in Shanghai in the previous quarter.
But the economic recovery appears to have been weighed down by a sluggish real-estate market and other negative factors.
The July-to-September figure was announced about one week after Chinese officials postponed its release.
The data shows that China's economy was able to bounce back from the effects of tightened COVID restrictions imposed in Shanghai in the previous quarter.
But the economic recovery appears to have been weighed down by a sluggish real-estate market and other negative factors.
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Summary
Third quarter GDP growth in China at 3.9%, recovering from Shanghai's COVID restrictions. However, the economic rebound is hindered by a slow real-estate market and other unfavorable factors. Data released one week later than expected.
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ID: beabc4b3-0be2-422a-8265-7c98b7dfc377
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20221024_17/
Date: Oct. 24, 2022
Created: 2022/10/24 20:04
Updated: 2025/12/09 12:23
Last Read: 2022/10/24 22:29