(MENAFN) In the third quarter of 2024, China’s economy grew by 4.6% compared to last year, according to the National Bureau of Statistics. This continued recovery shows steady economic activity despite challenges. Overall, GDP increased by 4.8% in the first nine months of the year, reflecting stability and resilience.
The report states that the economy is generally stable, with growth in various sectors such as agriculture (up 3.7%), industry (up 5.8%), and services (up 4.7%). Consumer spending is improving, as retail sales rose by 3.3%, and total trade volume increased by 5.3%. Meanwhile, inflation remains low, with a CPI increase of just 0.3% over the same period last year.
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