China's economic growth accelerated in the third quarter after the relaxation of Covid restrictions, but other economic indicators signaled a mixed picture, official data revealed Monday.
Gross domestic product logged an annual growth of 3.9 percent in the third quarter, faster than the 0.4 percent expansion seen in the second quarter, the National Bureau of Statistics reported.
The pace of growth also exceeded economists' forecast of 3.4 percent, but fell short of Beijing's growth target of 'around 5.5 percent' for the whole year.
Due to the low base of comparison, the quarterly growth also came in at 3.9 percent in the third quarter, again above the forecast of 3.5 percent.
by Renju Jaya
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