The Chinese mainland's economy has shown steady growth in the first three quarters of this year, with its gross domestic product (GDP) increasing by 4.8%. This surge has brought the GDP to nearly 95 trillion yuan, equivalent to over 13 trillion US dollars.
Shi Jiao, an Assistant Professor at Peking University HSBC Business School, commented on this performance, highlighting that a 4.8% rise indicates a strong foundation for the Chinese mainland's economic expansion. She emphasized that recent favorable policies are poised to further enhance the economy's performance in the upcoming quarter.
This growth trajectory underscores the resilience and potential of the Chinese mainland's economy, positioning it for continued advancement on the global stage.
Reference(s):
Economist: China's 4.8% growth signals strong economic recovery ahead
cgtn.com
