The last month of the quarter in particular brought with it an acceleration in industrial output, retail sales and fixed-asset investment, highlighting that the momentum of the economy was especially strong in September.
Key economic indicators released on the same day show that China’s industrial production rose by 9.2 percent in September from a year earlier. Retail sales during the same month were 14.2 percent higher, signalling that domestic consumption is on the rise.
China has announced various stimulus measures in recent months aimed at boosting domestic consumption and sustaining growth. Beijing has also approved infrastructure projects worth more than $150bn, aimed at spurring a fresh wave of economic development.
