China's retail sales rise by 2.5% YoY in Sept 2022

The gross domestic product (GDP) of the East Asian country rose by 3.9 per cent YoY in the third quarter — an increase of 0.4 per cent in the second quarter, according to the National Bureau of Statistics (NBS). China’s GDP went up by 3 per cent YoY to 87.03 trillion yuan, which is a growth of 2.5 per cent compared to the first six months of the year.

The nation’s value-added industrial output expanded by 6.3 per cent in September 2022 YoY after a 4.2 per cent surge in August. Moreover, the first three quarters of 2022 reflected a 3.9 per cent growth in industrial output compared to the corresponding period in 2021. Figures showed a 3.4 per cent rise in the first half of 2022 from the previous year.

ALCHEMPro News Desk (NB)