NBS: China’s GDP grows 0.7% on year over Jan-Sept
Oct 19, 2020 16:15
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As expected, by the end of September on-year growth in China’s gross domestic product (GDP) returned to the positive zone, rising by 0.7% on year over January-September to Yuan 72.3 trillion ($10.8 trillion), the latest release from the country’s National Bureau of Statistics (NBS) showed. The July-September quarter GDP was also up 4.9% on year and up 2.7% on quarter.
“China’s economic fundamentals had been showing gradual improvement, market vigour had revived further, the national economy had continued with its steady recovery and social stability had been maintained,” NBS said in a statement summarizing the country’s economic performance in this year’s first three quarters.
Among the economic sectors, Chinese industry returned