China’s economic recovery from the depths plunged during the Covid-19 pandemic continued, providing support for a world economy suffering its deepest recession since the Great Depression.
Gross domestic product climbed 4.9% in the third quarter from a year ago, according to data released in Beijing Monday. That’s lower than economists forecast, but faster than the 3.2% expansion seen in the second quarter. Retail sales expanded 3.3% in September, industrial production grew 6.9% in the month and investment growth accelerated to 0.8% in the nine months to the end of the quarter.
