China's economic data shows mixed recovery as unemployment ticks up

Gross domestic product grew 3.9% in the July-to-September period from a year ago, rebounding from almost stagnant growth in the second quarter when Shanghai was still in lockdown

China economy
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Photo: Bloomberg

Bloomberg
China’s long-delayed economic data showed a mixed recovery in the third quarter, with unemployment rising and retail sales weakening in September despite a pickup in growth.
 
Gross domestic product grew 3.9% in the July-to-September period from a year ago, rebounding from almost stagnant growth in the second quarter when Shanghai was still in lockdown. The figure was stronger than the median estimate of 3.3% in a Bloomberg survey of economists.

The data were postponed by nearly a week as the country held its 20th party congress -- a key political event during which President Xi Jinping secured a third term as

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First Published: Oct 24 2022 | 9:22 AM IST

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