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China GDP grows 3.9pc in 3rd quarter


By AFP
Published : 24 Oct 2022 08:52 PM

China's economy grew 3.9 percent year-on-year in the third quarter, according to official data released Monday, beating forecasts.

The data, published six days later than scheduled, showed higher growth than the 2.5 percent predicted by a panel of experts surveyed by AFP.

Last Monday, China delayed the release of the third-quarter growth figures -- along with a host of other economic indicators -- as the country's leaders gathered to hand President Xi Jinping a historic 

third term.

Beijing's National Bureau of Statistics announced that the release of the economic data would be "postponed" without specifying a reason or timeline for twhe figures to be released.

China had been expected to announce some of its weakest quarterly growth figures since 2020, with its economy hobbled by Covid-19 restrictions and a real estate crisis.