China GDP Grows 4.6% in First Nine Months of 2026
China's economy expanded by 4.6% year-on-year during the first nine months of 2026, reaching a total of 107.11 trillion yuan ($16 trillion). This growth rate places the nation on track to meet its annual target of 4.5% to 5%. Notably, third-quarter growth accelerated to 4.5%, up from 4.3% in the second quarter, despite global economic uncertainties and rising oil prices caused by Middle East conflicts. The expansion was largely driven by a structural shift toward high-quality development and new drivers. High-tech manufacturing saw a significant value-added increase of 14.3%, while equipment manufacturing grew by 10.2%. Rapid output increases in lithium-ion batteries, industrial robots, and 3D printing equipment underscore the strength of China's emerging industries and its role as a global manufacturing hub.
Topics: China GDP Economic Growth National Bureau of Statistics