China says indicators give good reason to believe in sustained recovery

While third-quarter GDP growth lagged behind expectations, the month of September saw improvement in all major indicators

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People wearing face masks to help curb the spread of the coronavirus ride bicycle during the morning rush hour in Beijing | Photo: AP/PTI
Reuters BEIJING
1 min read Last Updated : Oct 19 2020 | 9:03 AM IST

BEIJING (Reuters) - Chinese economic indicators are providing a good reason to believe that a sustained recovery is underway, the country's statistics bureau said on Monday, after the world's second-biggest economy further expanded in the third quarter.

There's also good reason to be confident about China's full-year economic growth, Liu Aihua, spokeswoman at the National Bureau of Statistics, told a press briefing after the release of third-quarter gross domestic product.

While third-quarter GDP growth lagged behind expectations, the month of September saw improvement in all major indicators for the first time this year.

 

(Reporting by Gabriel Crossley; Writing by Ryan Woo; Editing by Shri Navaratnam)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Chinese economyEconomic recoveryData economic indicators

First Published: Oct 19 2020 | 8:55 AM IST

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