{"id":1792,"date":"2023-10-18T02:39:10","date_gmt":"2023-10-18T02:39:10","guid":{"rendered":"https:\/\/connectwithfund.com\/news\/china-posts-4-9-growth-in-the-third-quarter-stronger-than-expected\/"},"modified":"2023-10-18T02:39:11","modified_gmt":"2023-10-18T02:39:11","slug":"china-posts-4-9-growth-in-the-third-quarter-stronger-than-expected","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=1792","title":{"rendered":"China posts 4.9% growth in the third quarter, stronger than expected"},"content":{"rendered":"
<\/span><\/p>\n
\n

China’s third-quarter economic growth came in stronger than expected, boosting hopes that the world’s second-largest economy will meet Beijing’s annual target this year.<\/p>\n

China posted 4.9% growth in the July to September quarter from a year earlier, according to a release from China’s National Bureau of Statistics on Wednesday.<\/p>\n

That’s stronger than economists expectations for third-quarter GDP of 4.6%, according to a Reuters poll. This follows the 6.3% print for the April-June quarter and 4.5% growth for the January-March quarter.<\/p>\n

On a quarter-on-quarter basis, China’s economy grew 1.3% in the third quarter, stronger than economists’ expectations for a 0.9% growth. GDP in the second quarter rose 0.8% compared to the previous quarter.<\/p>\n

China also released monthly data Wednesday, reporting 4.5% growth in industrial production and 5.5% spike in retail sales in September from a year earlier \u2014 both trumping market expectations.<\/p>\n

Unemployment eased to 5% in September from 5.2% a month earlier.<\/p>\n

Along with monthly data released last week, the latest release further underscored what China’s top leaders labeled as a\u00a0“tortuous” post-Covid economic recovery.<\/p>\n

China’s consumer prices were flat in September, on the verge of deflation, while producer price index saw annual declines slow for a third month. September exports declined less than expected, though imports fell slightly worse than expected.<\/p>\n

Aggregate financing \u2014 a broad measure of credit extended \u2014 climbed 9% in September, slightly more than expected. A bigger than expected decline in the value of new bank loans was offset by robust government bond issuance and shadow banking credit expansion.<\/p>\n

This is a developing story. Please check back for further updates.<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China’s third-quarter economic growth came in stronger than expected, boosting hopes that the world’s second-largest economy will meet Beijing’s annual target this year. China posted 4.9% growth in the July to September quarter from a year earlier, according to a release from China’s National Bureau of Statistics on Wednesday. That’s stronger than economists expectations for third-quarter GDP of 4.6%, according to a Reuters poll. This follows the 6.3% print for the April-June quarter and 4.5% growth for the January-March quarter. On a quarter-on-quarter basis, China’s economy grew 1.3% in the third quarter, stronger than economists’ expectations for a 0.9% growth.<\/p>\n","protected":false},"author":1,"featured_media":1793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-1792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nChina posts 4.9% growth in the third quarter, stronger than expected | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"China's third-quarter economic growth came in stronger than expected, boosting hopes that the world's second-largest economy will meet Beijing's annual\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/connectwithfund.com\/?p=1792\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China posts 4.9% growth in the third quarter, stronger than expected | ConnectWithFund\" \/>\n<meta property=\"og:description\" content=\"China's third-quarter economic growth came in stronger than expected, boosting hopes that the world's second-largest economy will meet Beijing's annual\" \/>\n<meta property=\"og:url\" content=\"https:\/\/connectwithfund.com\/?p=1792\" \/>\n<meta property=\"og:site_name\" content=\"ConnectWithFund\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-18T02:39:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-18T02:39:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/connectwithfund.com\/wp-content\/uploads\/2023\/10\/107315151-1697028812570-gettyimages-1466535522-vcg111422691726.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/connectwithfund.com\/?p=1792\",\"url\":\"https:\/\/connectwithfund.com\/?p=1792\",\"name\":\"China posts 4.9% growth in the third quarter, stronger than expected | ConnectWithFund\",\"isPartOf\":{\"@id\":\"https:\/\/connectwithfund.com\/#website\"},\"datePublished\":\"2023-10-18T02:39:10+00:00\",\"dateModified\":\"2023-10-18T02:39:11+00:00\",\"author\":{\"@id\":\"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52\"},\"description\":\"China's third-quarter economic growth came in stronger than expected, boosting hopes that the world's second-largest economy will meet Beijing's annual\",\"breadcrumb\":{\"@id\":\"https:\/\/connectwithfund.com\/?p=1792#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/connectwithfund.com\/?p=1792\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/connectwithfund.com\/?p=1792#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/connectwithfund.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China posts 4.9% growth in the third quarter, stronger than expected\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/connectwithfund.com\/#website\",\"url\":\"https:\/\/connectwithfund.com\/\",\"name\":\"FinMarkPros\",\"description\":\"Latest Finance News and Updates\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/connectwithfund.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/connectwithfund.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/connectwithfund.com\"],\"url\":\"https:\/\/connectwithfund.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China posts 4.9% growth in the third quarter, stronger than expected | ConnectWithFund","description":"China's third-quarter economic growth came in stronger than expected, boosting hopes that the world's second-largest economy will meet Beijing's annual","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/connectwithfund.com\/?p=1792","og_locale":"en_US","og_type":"article","og_title":"China posts 4.9% growth in the third quarter, stronger than expected | ConnectWithFund","og_description":"China's third-quarter economic growth came in stronger than expected, boosting hopes that the world's second-largest economy will meet Beijing's annual","og_url":"https:\/\/connectwithfund.com\/?p=1792","og_site_name":"ConnectWithFund","article_published_time":"2023-10-18T02:39:10+00:00","article_modified_time":"2023-10-18T02:39:11+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/connectwithfund.com\/wp-content\/uploads\/2023\/10\/107315151-1697028812570-gettyimages-1466535522-vcg111422691726.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/connectwithfund.com\/?p=1792","url":"https:\/\/connectwithfund.com\/?p=1792","name":"China posts 4.9% growth in the third quarter, stronger than expected | ConnectWithFund","isPartOf":{"@id":"https:\/\/connectwithfund.com\/#website"},"datePublished":"2023-10-18T02:39:10+00:00","dateModified":"2023-10-18T02:39:11+00:00","author":{"@id":"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52"},"description":"China's third-quarter economic growth came in stronger than expected, boosting hopes that the world's second-largest economy will meet Beijing's annual","breadcrumb":{"@id":"https:\/\/connectwithfund.com\/?p=1792#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/connectwithfund.com\/?p=1792"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/connectwithfund.com\/?p=1792#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/connectwithfund.com\/"},{"@type":"ListItem","position":2,"name":"China posts 4.9% growth in the third quarter, stronger than expected"}]},{"@type":"WebSite","@id":"https:\/\/connectwithfund.com\/#website","url":"https:\/\/connectwithfund.com\/","name":"FinMarkPros","description":"Latest Finance News and Updates","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/connectwithfund.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/connectwithfund.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/connectwithfund.com"],"url":"https:\/\/connectwithfund.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts\/1792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1792"}],"version-history":[{"count":1,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts\/1792\/revisions"}],"predecessor-version":[{"id":1794,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts\/1792\/revisions\/1794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/media\/1793"}],"wp:attachment":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}