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Confluence News - Breaking News, Latest News and Videos > Blog > Uncategorized > China economy grows faster than expected, but falls short of targets as risks loom
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China economy grows faster than expected, but falls short of targets as risks loom

Last updated: 2022/10/24 at 4:53 AM
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GDP rose 3.9% in the July to September quarter, but China remains on track to deliver among weakest growth in almost four decades

China’s economy rebounded at a faster-than-expected pace in the third quarter, but strict Covid-19 curbs and fears of a global recession have meant that growth was still well below the nation’s full year targets.

Gross domestic product in the world’s second-biggest economy rose 3.9% in the July to September quarter year-on-year, official data showed on Monday. That was above the 3.4% forecast in a Reuters poll of analysts.

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October 24, 2022
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