China's Q3 Economic Growth Surpasses Expectations

2023 • 5min • News • Business


Published On: October 18, 2023 - The second-largest global economy expanded by 4.9% compared to the same period last year, surpassing analysts' expectations of 4.5%. However, this growth was slower than the 6.3% recorded in the previous quarter. China experienced a deceleration in economic growth during the third quarter due to subdued international demand, deflationary influences, and challenges in the real estate market. Watch News9's Shweta Kothari, Kartik Malhotra and Krishnakumar for latest updates.