The Chinese economy showed a bigger-than-expected expansion in the period of July-September, suggesting that a recent set of measures that Beijing put in place to boost the GDP, has worked.
According to the National Bureau of Statistics of China, the GDP expanded by 4.9% in a yearly comparison, following the 6.3% annual growth rate of the previous quarter.
One of the main drives of the growth was the increase in retail sales, a good indicator of consumption. It grew 5.5% in September from a year earlier, beating expectations.
Source: EuroNews
