China's economic recovery quickens in 3Q


Gross domestic product (GDP) grew 4.9% in July-September from a year earlier, the National Bureau of Statistics (NBS) said on Monday, slower than the median 5.2% forecast by analysts in a Reuters poll and following 3.2% growth in the second quarter.

BEIJING: China stepped up its economic recovery in the third quarter from the Covid-19 coronavirus shock but missed forecasts, pointing to continued challenges for one of the few drivers of global growth this year.

Gross domestic product (GDP) grew 4.9% in July-September from a year earlier, the National Bureau of Statistics (NBS) said on Monday, slower than the median 5.2% forecast by analysts in a Reuters poll and following 3.2% growth in the second quarter.

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