Chinese economy rose 3.9% in Q3

By Agence France-Presse

Oct 25, 2022 12:08 am

BEIJING: China's economy grew at a faster pace than forecast in the third quarter, official data showed on Monday, but investors reacted with alarm to President Xi Jinping's sweeping new powers over the East Asian country's ruling party.

As widely expected, Xi secured a third term as leader at the 20th National Congress of the Communist Party of China over the weekend, but surprised observers with his complete stacking of other leadership positions with protégés and allies.

People walk past stalls under Halloween lanterns on a commercial street in the city of Foshan, Guangdong province, southern China on Monday, Oct. 24, 2022. AFP PHOTO

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