China's economy grew by 3.9 percent over a year earlier in the three months ending in September, up from the previous quarter’s 0.4 percent, official data show
The ruling party is trying to revive economic growth while enforcing its “Zero Covid" strategy that has temporarily shut down Shanghai and other industrial centers while other countries are lifting travel curbs and reviving trade.
The world's second-largest economy grew by 3.9 percent over a year earlier in the three months ending in September, up from the previous quarter's 0.4 percent, official data showed on Monday. A news conference to announce the figures last week during a meeting of the ruling Communist Party was postponed without explanation. The National Statistics Bureau released the figures on its website without advance notice of the timing.
The slump hurts China’s trading partners by depressing demand for imported oil, food and consumer goods.Beijing moves cautiously Beijing for decades reported only growth compared with the previous year, which hid short-term fluctuations, but it has started to release quarter-on-quarter figures.
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