Financial news

China’s GDP grows 6.2% Jan-Sept

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Via China Daily

A staff member demonstrates an application of industrial Internet of Things at the China Mobile (Beijing) 5G+ client experience center in Beijing, Sept 25, 2019. [Photo/Xinhua]

China’s economy grew by 6.0 percent year-on-year in the third quarter, versus 6.2 percent in the second one, the National Bureau of Statistics said on Friday.

The country’s overall GDP growth reached 6.2 percent year-on-year in the first three quarters of this year, the NBS said.

The Chinese economy maintained overall stability in the first three quarters, but is under mounting downward pressure, the administration said in a statement.

The country will “place stable growth and reasonable range of economic development at a more prominent position,” the statement said.

Retail sales increased by 7.8 percent year-on-year last month, versus 7.5 percent in August.

The country registered a 5.8 percent industrial output growth in September, compared with 4.4 percent in August.

Fixed-asset investment expanded by 5.4 percent during the January-September period, compared with 5.5 percent in the first eight months. Real estate investment growth in the first nine months rose by 10.5 percent, the same as in the first eight months.

Surveyed urban unemployment rate nationwide was 5.2 percent in September, unchanged from August.


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