Tuesday, 02 January 2024 12:17 GMT

China GDP Growth Hits 4.5 Percent in Q3, Data Shows


Date:

(MENAFN) China recorded 4.5% year-on-year economic growth in the third quarter of 2026, according to data released Monday by the country’s National Bureau of Statistics.

Gross domestic product (GDP) rose 1.2% compared with the previous quarter, the figures showed.

The world’s second-largest economy has set an annual growth target of between 4.5% and 5% for 2026. Economic output expanded by 4.6% year-on-year during the first nine months of the year.

Between January and September, China’s GDP reached 107,107.1 billion yuan ($15.94 trillion), marking a 4.6% increase from the same period a year earlier, according to the data.

"The national economy sustained steady development against pressure, showing a momentum with new growth drivers and improving structure. Production and supply grew fast, foreign trade showed good momentum of growth," the bureau said.

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