9,425.58 TRY BIST 100 BIST 100
38.07 USD USD USD
5.24 CNY CNY CNY
43.29 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
48.69 TRY Interest Interest
66.44 USD Fossil Oil Fossil Oil
39.72 USD Silver Silver
4.60 USD Copper Copper
98.08 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,071.20 TRY Gold (gr) Gold (gr)

Third-quarter growth in China beat expectations

The Chinese economy recorded a growth performance of 3.9 percent in the third quarter of the year. Economists had expected 3.4 percent growth.

Third-quarter growth in China beat expectations

The Chinese economy grew beyond expectations in the third quarter of the year.

Gross domestic product (GDP) in the world's second largest economy increased by 3.9 percent year-on-year in the July-September quarter, exceeding forecasts.

Economists had expected 3.4 percent.

China's economy rebounded faster than expected in the third quarter, but Beijing's efforts to spur a strong rebound over the next year are being challenged by stringent Covid restrictions and risks of global recession, official data released on Monday showed.

On a quarterly basis, GDP increased by 3.9 percent in the third quarter, while the expected increase of 3.5 percent in the previous quarter was realized as a decrease of 2.6 percent.

Despite the recovery, the economy is facing challenges in many areas at home and abroad. China's Covid-Zero strategy and contention in its key real estate sector, external pressure from the Ukraine crisis, and interest rate hikes to curb hot inflation have exacerbated a global slowdown.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Surprise interest rate hike by the Central Bank

Thursday, April 17, 2025

India seeks to fast-track trade deal with US

Friday, April 11, 2025

Türkiye-US working group formed for trade relations

Friday, April 11, 2025

Russian delegation arrives in Istanbul for talks with US

Thursday, April 10, 2025

Türkiye's industrial production declined in February

Thursday, April 10, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now