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China's GDP Expands 4.5% Year-Over-Year in Q3
Confirmed
In Short: China's Gross Domestic Product (GDP) expanded by 4.5% year-over-year in the third quarter, according to data released by the National Bureau of Statistics of China on Monday.
China's Gross Domestic Product (GDP) expanded by 4.5% year-over-year in the third quarter, according to data released by the National Bureau of Statistics of China on Monday. This growth rate is higher than the 4.3% recorded in the second quarter and surpasses market expectations of 4.4%.
On a quarterly basis, the Chinese economy expanded by 1.2% in Q3, up from a 0.9% rise in Q2, outpacing market forecasts of a 1.1% increase.
The growth in China's GDP for the first nine months of 2026 reached 107.11 trillion yuan ($16 trillion), marking a 4.6% year-over-year increase, according to the National Bureau of Statistics.
Industrial production in China climbed 5.5% year-over-year in the same period, exceeding the forecasted 5.4% and the previous 5.2% figure.
Retail sales in China rose by 1.1% year-over-year in September, contributing to the overall economic growth.
In the first three quarters of 2026, China's foreign trade growth reached a five-year high, with exports jumping 16.4% and imports expanding 22.3%, according to customs data.
Professor Hu Qimu of the Maritime Silk Road Institute at Huaqiao University noted that despite facing domestic and external pressures, China's economy demonstrated a trend of high-quality development, with growth momentum shifting toward new drivers such as AI and high-tech manufacturing.
Hu Qimu added, 'As the government's countercyclical adjustments ramp up, incremental policies are rolled out in succession, and industrial transformation and upgrading further gain steam, the economy is expected to maintain a steady and resilient trajectory throughout the year.'
Tian, a Global Times commentator, highlighted China's role as a stabilizer and locomotive of the global supply chain, noting that this position could be further strengthened in the fourth quarter amid rising geopolitical tensions and external uncertainties.
Notably, investment in information services surged 20.2% year-over-year, aerospace equipment manufacturing climbed 12.5%, and electronic and communications equipment manufacturing rose 7.6% in the first nine months.
The AUD/USD pair is trading 0.36% higher on the day at 0.6971, reflecting the positive economic data from China.
Gold has attracted some buyers at the start of the new week, though it remains below the $4,200 mark, indicating a lack of bullish conviction.
Background
China's economy expanded by 4.5% year-over-year in the third quarter, surpassing market expectations.
What's confirmed
- China's Gross Domestic Product (GDP) expanded by 4.5% year-over-year in the third quarter, according to data released by the National Bureau of Statistics of China on Monday. This growth rate is higher than the 4.3% recorded in the second quarter and surpasses market expectations of 4.4%.
- On a quarterly basis, the Chinese economy expanded by 1.2% in Q3, up from a 0.9% rise in Q2, outpacing market forecasts of a 1.1% increase.
- The growth in China's GDP for the first nine months of 2026 reached 107.11 trillion yuan ($16 trillion), marking a 4.6% year-over-year increase, according to the National Bureau of Statistics.
- Industrial production in China climbed 5.5% year-over-year in the same period, exceeding the forecasted 5.4% and the previous 5.2% figure.
- Retail sales in China rose by 1.1% year-over-year in September, contributing to the overall economic growth.
- In the first three quarters of 2026, China's foreign trade growth reached a five-year high, with exports jumping 16.4% and imports expanding 22.3%, according to customs data.
- Professor Hu Qimu of the Maritime Silk Road Institute at Huaqiao University noted that despite facing domestic and external pressures, China's economy demonstrated a trend of high-quality development, with growth momentum shifting toward new drivers such as AI and high-tech manufacturing.
- Tian, a Global Times commentator, highlighted China's role as a stabilizer and locomotive of the global supply chain, noting that this position could be further strengthened in the fourth quarter amid rising geopolitical tensions and external uncertainties.
- Notably, investment in information services surged 20.2% year-over-year, aerospace equipment manufacturing climbed 12.5%, and electronic and communications equipment manufacturing rose 7.6% in the first nine months.
- The AUD/USD pair is trading 0.36% higher on the day at 0.6971, reflecting the positive economic data from China.
- Gold has attracted some buyers at the start of the new week, though it remains below the $4,200 mark, indicating a lack of bullish conviction.
What's still developing
- China’s GDP expands 4.6% year-on-year in the first nine months of 2026, on track to meet pre-set annual growth target - Global Times --> BUSINESS / ECONOMY China’s GDP expands 4.6% year-on-year in the first nine months of 2026, on track to meet pre-set annual growth target By Li Xuanmin Chief reporter at the Global Times covering China's macroeconomy, China-US relations, high-tech industries.
- Private sector investment contracted 10.4 percent.
- Notably, several sectors posted particularly strong gains.
- Investment in intellectual property products rose 9.3 percent year-on-year in the Jan-Sept period, while investment in high-tech industries grew 4.9 percent, the NBS said.