China's economy on more solid ground in July-Sept

By Xinhua News Agency

Oct 26, 2022 12:13 am

BEIJING: China's economy placed itself on more solid ground in the third quarter of 2022 after major indicators showed signs of stabilization, backed by the East Asian country's efforts to balance coronavirus controls and economic and social development.

The country's gross domestic product (GDP) grew 3.9 percent year on year to 30.76 trillion yuan (about $4.32 trillion) from July to September, 3.5 percentage points higher than the second-quarter figure, data from the National Bureau of Statistics (NBS) showed on Monday.

Employees at a factory in Quanzhou County, Guangxi Zhuang Autonomous Region, southern China on Aug. 24, 2022. XINHUA FILE PHOTO

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