China continues to demonstrate robust economic resilience as its Gross Domestic Product (GDP) grew by 4.6% in the third quarter of 2024, according to the latest figures released by the National Bureau of Statistics (NBS) on Friday.
This growth follows a strong 4.7% increase in the second quarter, highlighting a steady expansion in the country's economy. Over the first three quarters of the year, China's GDP has surged by an impressive 4.8%, reaching a total of over 94.97 trillion yuan (approximately $13.34 trillion).
The consistent economic performance underscores China's ability to navigate global challenges and maintain its position as a key player in the global market. Business and tech enthusiasts are particularly optimistic, viewing these numbers as a positive indicator for continued innovation and investment opportunities within the region.
As China sets its sights on upcoming growth targets, the sustained GDP growth reflects confidence in its economic strategies and the potential for further advancements in various sectors. This upward trend not only boosts national confidence but also reinforces China's role in shaping global economic trends.
Reference(s):
China's GDP grows 4.6% in Q3, optimism buoyed towards growth targets
cgtn.com
