Mainland economy expands 4.8pc in Q3 - RTHK
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Mainland economy expands 4.8pc in Q3

2025-10-20 HKT 11:01
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  • Retail sales, a gauge of consumption, expanded 3 percent in September. File photo: Reuters
    Retail sales, a gauge of consumption, expanded 3 percent in September. File photo: Reuters
China's economy grew 4.8 percent in the third quarter of the year, official data showed on Monday, matching forecasts.

GDP growth in the first three quarters of 2025 reached 5.2 percent year on year, according to data from the National Bureau of Statistics (NBS).

"The national economy withstood pressure and continued to maintain steady progress," the NBS said in a statement about the first three quarters of the year.

The world's second-largest economy expanded by 5.2 percent in the second quarter and 5.4 percent in the January-March period.

China is aiming for full-year growth of around 5 percent.

On a quarterly basis, GDP grew 1.1 percent from July to September, compared with a forecast 0.8 percent increase and a revised 1 percent gain in the previous quarter.

Industrial output grew 6.5 percent year on year in September, accelerating from a 5.2 percent increase in August.

The industrial output data beat expectations for a 5 percent gain in a poll.

Retail sales, a gauge of consumption, expanded 3 percent last month after growing 3.4 percent in August, matching a forecast rise of 3 percent.

Retail sales of consumer goods went up 4.5 percent year on year in the first three quarters.

China's value-added service output went up 5.4 percent year on year in the first three quarters.

Fixed asset investment shrank 0.5 percent in the first nine months compared with the same period last year, versus 0.5 percent growth in the January-to-August period.

The surveyed urban unemployment rate stood at 5.2 percent in the first three quarters.

China's per capita disposable income went up 5.1 percent year on year in nominal terms in the first three quarters.

Property investment in China fell 13.9 percent in the first three quarters year on year, after dropping 12.9 percent in the January-to-August period.

Property sales by floor area dropped 5.5 percent year on year, compared with a 4.7 percent decline in the first eight months.

The release of the latest economic data came as the Communist Party kicks off its fourth plenum in Beijing, mapping out the goals for the country's next Five-Year Plan.

The leaders are meeting at a time of heightened trade tensions between Beijing and Washington and ahead of an expected meeting between President Xi Jinping and his US counterpart Donald Trump during the Apec summit in South Korea. (Xinhua & agencies)

Mainland economy expands 4.8pc in Q3