Oct 24, 2022 09:11 PM

Update: China’s Third-Quarter GDP Rebounds, Fueled by Government Stimulus

China’s GDP grew 3.9% year-on-year in the third quarter, official data showed Monday, as its economic recovery was held back by strict Covid-19 containment measures and an ongoing property slump.

The figure comes in higher than the average estimate of 3.6% growth in a recent Caixin survey of economists, and well above the 0.4% growth in the second quarter, when the country was battling its worst Covid surge since early 2020 with stringent control measures that hammered some economically important regions, including financial hub Shanghai.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China