The gross domestic product (GDP) of the East Asian country rose by 3.9 per cent YoY in the third quarter — an increase of 0.4 per cent in the second quarter, according to the National Bureau of Statistics (NBS). China’s GDP went up by 3 per cent YoY to 87.03 trillion yuan, which is a growth of 2.5 per cent compared to the first six months of the year.

China’s retail sales jumped 2.5 per cent YoY in September 2022 compared to an increase of 5.4 per cent in August. While retail sales increased by 0.7 per cent YoY in the first three quarters, they dipped 0.7 per cent in the first six months of 2022 compared to last year. The GDP of the East Asian country rose by 3.9 per cent YoY in the third quarter.

The nation’s value-added industrial output expanded by 6.3 per cent in September 2022 YoY after a 4.2 per cent surge in August. Moreover, the first three quarters of 2022 reflected a 3.9 per cent growth in industrial output compared to the corresponding period in 2021. Figures showed a 3.4 per cent rise in the first half of 2022 from the previous year.

Fibre2Fashion News Desk (NB)