China economy slowdown deepens, official figures show

Quick Summary:

Gross domestic product rose by 4.6% on an yearly basis, below the government's 5% annual target.

On an annual basis, gross domestic product (GDP) rose by 4.6%, according to China's National Bureau of Statistics.

However, it was slightly better than analysts expected, while other official figures released on Friday, including retail sales and factory output, also beat forecasts.

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Article Details

Category: Business

Markets: United KingdomChinaTaiwan

Topics: Quarter Other Economy Property China Year Target Growth Boost

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 02:50:12 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 23113846

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