Chinese Mainland's GDP Soars 4.8% in First Three Quarters of 2024

The Chinese mainland's gross domestic product (GDP) grew by 4.8 percent year on year in the first three quarters of 2024, according to data released by the National Bureau of Statistics (NBS) on Friday.

The total GDP reached over 94.97 trillion yuan (approximately $13.34 trillion), reflecting robust economic performance and resilience amidst global challenges.

This growth signifies continued expansion in key sectors, positioning the Chinese mainland as a major player in the global economy. The NBS data highlights the effectiveness of current economic policies and the ongoing recovery from previous economic setbacks.

Economists view this growth rate as a positive indicator of the Chinese mainland's economic stability and its ability to adapt to changing international market dynamics. With emerging markets and technological innovations driving progress, the Chinese mainland is set to maintain its influential role on the world stage.

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China's GDP increases by 4.8% in first three quarters

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