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China GDP grows 3.9 percent year-on-year in 3rd quarter: official data

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Agence France-Presse

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="A man in protective gear rides on a scooter while carrying groceries, in Shanghai, China, Oct. 13, 2022. China" s="" inflation="" rate="" rose="" to="" percent="" year-on-year="" in="" with="" a="" increase="" Consumer="" Price="" Index="" the="" National="" Bureau="" of="" Statistics="" reported.="" Alex="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/overseas/10/24/china.jpg"/><figcaption>A man in protective gear rides on a scooter while carrying groceries, in Shanghai, China, Oct. 13, 2022. China&#x27;s inflation rate rose to 2.8 percent year-on-year in September, with a 0.30 percent increase in Consumer Price Index (CPI), the National Bureau of Statistics reported. <em>Alex Plavevski, EPA-EFE </em></figcaption></figure></div><p>BEIJING — China&#x27;s economy grew 3.9 percent year-on-year in the third quarter, according to official data released Monday, beating forecasts. </p><p>The data, published 6 days later than scheduled, showed higher growth than the 2.5 percent predicted by a panel of experts surveyed by AFP.</p><p>Last Monday, China delayed the release of the third-quarter growth figures -- along with a host of other economic indicators -- as the country&#x27;s leaders gathered to hand President Xi Jinping a historic third term. </p><p>Beijing&#x27;s National Bureau of Statistics announced that the release of the economic data would be &quot;postponed&quot; without specifying a reason or timeline for the figures to be released. </p><p>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.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/17/22/china-delays-release-of-economic-data-during-key-political-meeting">China delays release of economic data during key political meeting</a></li>	<li><a href="https://news.abs-cbn.com/news/08/25/22/ph-budget-for-2023-to-focus-on-economic-recovery">PH budget for 2023 to focus on economic recovery - solon</a></li>	<li><a href="https://news.abs-cbn.com/business/09/24/22/is-ph-economy-in-a-crisis-not-yet-says-economist">Is PH economy in a crisis? Not yet, but government should change stance: economist</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/CYLgfNdCl6A?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

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