China's economy harvests prosperity in golden autumn
By Ma Qing |
chinadaily.com.cn |
Updated: 2023-10-19 06:40
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China's economy continues to be on track toward a stable recovery, despite facing downward pressures, according to the National Bureau of Statistics on Wednesday.
The country's gross domestic product grew by 5.2 percent to 91.3 trillion yuan ($12.5 trillion) in the first three quarters, NBS data shows.
Its value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 4 percent in the first three quarters compared to the same period last year.
From January to September, retail sales grew by 6.8 percent year-on-year, while fixed-asset investment, including infrastructure, property, machinery and equipment, went up by 3.1 percent compared to the same period last year.
