China’s economy has demonstrated significant growth, achieving a 4.8 percent year-on-year increase in the first three quarters of 2024. According to data released by the National Bureau of Statistics (NBS) on Friday, both industrial output and retail sales in September have exceeded forecasts.
The data indicates that China’s consumption and manufacturing sectors are performing strongly, with factory output and consumer spending surpassing expectations. This growth reflects the ongoing economic development and resilience of the Chinese market.
The NBS report highlights the upward trend in key economic indicators, suggesting continued confidence in China’s economic trajectory for the remainder of the year.
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Graphics: China's consumption, factory output beat forecasts
cgtn.com
