Page 5 - Cong Yi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BEIJING, 24th October, 2023 (WAM) -- China's GDP grew by 4.9% year-on-year in Q3, surpassing economists' predictions of 4.4%. This demonstrates the continuing momentum of China's economic recovery, spurred by the introduction of various macro-policies since July.According to a Global Times report, Chinese analysts emphasise the strength and resilience of the Chinese economy. They believe China is on track to meet its annual growth target of approximately 5% this year. The analysts pointed out the vast potential in the Chinese economy, considering dividends from labour...

China released a series of positive economic indicators on Friday, including higher-than-anticipated exports, improving social financing data, and a rebounding consumer situation, signaling that the world's second-largest economy is withstanding external pressure and on a path to sustained recovery bolstered by a range of supportive policy measures over recent months, observer said.

China's eight-day Mid-Autumn Festival and National Day holidays wrapped up on Friday, with the number of domestic trips and tourism revenue seeing robust growth and exceeding that of 2019, underscoring the robust recovery of the world's second-largest economy.

China's major industrial firms saw their profit surge in August, reversing the downward trend and increasing by 17.2 percent from a year earlier, the latest sign of sustained recovery in the world’s second-largest economy as stimulus kicks in.

As the 8-day Golden Week holiday approaches, tourists are swarming to China's famous landmarks like Tian'anmen Square in Beijing, the Bund in Shanghai, and West Lake in Hangzhou, East China's Zhejiang Province. The vibrant atmosphere, buzzing with excitement and activities, serves as a vivid reflection of the unwavering confidence of the Chinese people in the country's economy and bright future.