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China’s quarterly economic growth accelerates to 3.9%

AP News by AP News
October 23, 2022
in AP National, AP News, National
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BEIJING (AP) — China’s economic growth accelerated in the latest quarter but still was among the weakest in decades as the country wrestled with repeated closures of cities to fight virus outbreaks.

The world’s second-largest economy grew by 3.9% over a year earlier in the three months ending in September, up from the previous quarter’s 0.4%, official data showed.

For the first nine months of the year, growth was 3% over a year earlier.

The announcement had been scheduled for last week during a congress of the ruling Communist Party but was postponed without explanation.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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