China Releases Q3 Data, GDP Expands 3.9%

Photo credit: World Economic Forum

China has released the anticipated quarter-three Gross Domestic Products figures, the data from the National Bureau of Statistics indicated a 3.9 percent year-on-year expansion.

The data was better than most international markets were expecting, its value-added industrial output, an important economic indicator, also pointed to healthy numbers going up 6.3 percent year on year in September, data from the National Bureau of Statistics showed. The industrial output is used to measure the activity of designated large enterprises with an annual business turnover of at least 20 million yuan (about 2.81 million U.S. dollars)

As for foreign trade of goods, official data showed a jump of 9.9 percent year on year to 31.11 trillion yuan (about 4.75 trillion U.S. dollars) during the first nine months of the year.

Exports on the other hand, rose 13.8 percent year on year to 17.67 trillion yuan, while imports increased 5.2 percent from a year ago to 13.44 trillion yuan, according to the General Administration of Customs.

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