China's economy accelerates its growth to 4.5% in the third quarter

China's gross domestic product (GDP) surged to 4.5% in the third quarter of 2026, marking a significant acceleration of three-tenths compared to the 0.9% growth seen in the second quarter, according to data released by the National Bureau of Statistics (NBS) on Monday. Annually, China's GDP rose by 4.5%, up two-tenths from 4.3% in the previous quarter but two-tenths short of the 5% growth recorded in the first quarter, reported Europe Press.

Preliminary estimates suggest the economy expanded by 4.6% in September, driven by 3.7% growth in the primary sector, 3.8% in industry, and 5.2% in services, keeping the nation's growth target of 4.5% to 5% as set by the Chinese government. Despite pressures, the economy remained steady, buoyed by new growth engines and a progressively stronger structure, according to the statistical agency in a statement.

The nation's output and supply surged, foreign trade expanded steadily, employment and prices remained stable overall, and the well-being of the population was firmly and effectively ensured. The national economy exhibited remarkable resilience and vitality, the agency concluded.