10-24-2022, 02:06 PM
- China reported Monday that third-quarter gross domestic product grew by 3.9% from a year ago, beating expectations.
- The data was originally set for release on Oct. 18, but was delayed late on Oct. 17 with no explanation. China’s Communist Party held its 20th National Congress from Oct. 16 to Oct. 22.
- The officially released 3.9% year-on-year growth for the third quarter marked a pickup from 0.4% in the second quarter, bringing year-to-date growth to 3%.
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BEIJING — China reported Monday that third-quarter gross domestic product grew by 3.9% from a year ago, beating expectations.
The data was originally set for release on Oct. 18, but was delayed late on Oct. 17 with no explanation. China’s Communist Party held its 20th National Congress from Oct. 16 to Oct. 22.
Analysts polled by Reuters prior to Oct. 18 had expected China to report GDP growth of 3.4% for the third quarter.
The officially released 3.9% year-on-year growth for the third quarter marked a pickup from 0.4% in the second quarter, bringing year-to-date growth to 3%.
That’s still well below the official target of around 5.5%.
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