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China’s GDP expands 4.9 percent in third quarter

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BEIJING, Oct. 19 – China’s gross domestic product (GDP) expanded 4.9 percent year on year in the third quarter of 2020, faster than the 3.2-percent growth seen in Q2, reported Xinhua news agency.

In the first three quarters, the country’s GDP expanded 0.7 per cent year on year, returning to growth after the 1.6 percent-contraction in the first half of the year and the 6.8-percent slump in Q1, data from the National Bureau of Statistics (NBS) showed, Monday.

Major indicators showed across-the-board improvements, with industrial output rising 5.8 per cent and retail sales reporting the first quarterly expansion, up 0.9 per cent year on year in Q3.-BERNAMA

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