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#中国三季度经济增速加快至4.5%

China’s economic growth rebounded to 4.5% in the third quarter

Data released by the National Bureau of Statistics on October 19 showed that, based on preliminary calculations, China’s gross domestic product reached 10,710.71 billion yuan in the first three quarters of 2026, up 4.6% year on year at constant prices. By quarter, growth was 5.0% in the first quarter, 4.3% in the second quarter and 4.5% in the third quarter, a rebound of 0.2 percentage points from the second quarter.

On the production side, industry and services remained resilient. In the first three quarters, the value added of industrial enterprises above designated size grew 5.3% year on year, while the value added of the service sector rose 5.2%. Equipment manufacturing and high-tech manufacturing grew particularly quickly: value added in high-tech manufacturing increased 14.3% year on year, significantly faster than the overall industrial growth rate.

On the demand side, exports performed strongly, while the recovery in domestic demand remained relatively slow. In the first three quarters, goods exports grew 16.4% year on year, and export value exceeded 8 trillion yuan for the first time in the third quarter. Total retail sales of consumer goods rose 1.1% year on year, while national fixed-asset investment fell 7.2%, with investment pressures remaining pronounced.

The National Bureau of Statistics said that the national economy withstood pressure and maintained steady performance in the first three quarters, showing a development trend characterized by new growth drivers and an improving economic structure. At the same time, it noted that the international environment is complex and volatile, the problem of insufficient domestic demand remains pronounced, and the foundations for a steady economic recovery still need to be strengthened.

Recently, countercyclical macroeconomic policy adjustments have been stepped up. A State Council executive meeting called for stronger countercyclical macroeconomic policy adjustments. The Ministry of Finance, the People’s Bank of China and other departments subsequently introduced a series of measures, including allocating 550 billion yuan from the remaining local government debt quota, optimizing relending tools, and studying measures to stabilize the property market and promote employment and income growth.
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Several analysts believe that, supported by exports, resilient production and the gradual rollout of additional policies, economic momentum is likely to continue recovering in the fourth quarter, providing stronger support for achieving the full-year economic and social development targets.#拉脱维亚议会通过加密货币税法
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