China’s economy is sprinting toward its annual growth targets, with fresh data showing a 4.6% GDP rise in the third quarter of 2024 . According to the National Bureau of Statistics (NBS), this follows a 4.7% expansion in Q2, bringing the year-to-date growth to 4.8% and pushing total output to nearly 95 trillion yuan ($13.34 trillion).
Analysts say the numbers reflect ‘steady momentum’ amid global economic turbulence , with key sectors like tech and manufacturing fueling the climb. The NBS highlighted ‘resilient domestic demand’ and policy support as major drivers—good news for young investors eyeing Asia’s markets
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While some economies are stuck in slow motion, China’s marathon of growth shows no signs of stopping. Will it cross the finish line with a strong Q4? Stay tuned!
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China's GDP grows 4.6% in Q3, optimism buoyed towards growth targets
cgtn.com