China Grows 4.5% in Q3 as Services Retail Sales Rise
China's economy grew 4.5% in the third quarter, and services retail sales rose 5% in the first nine months, with visa-free foreign entries increasing 26.8%, according to Xinhua.
China's National Bureau of Statistics announced that the country's economy grew 4.5% year-on-year in the third quarter of 2026.
Services retail sales rose 5% in the first nine months of the year, according to the same data.
The number of foreigners entering China visa-free recorded a 26.8% increase in the first eight months, according to Xinhua News Agency.
The GDP reading of 4.5% comes as part of the periodic data issued by the National Bureau of Statistics on the Chinese economy.
What do these terms mean?
Gross Domestic Product (GDP): The value of final goods and services produced by a country's economy during a period of time, serving as a measure of the size of economic activity.
Services Retail Sales: The value of consumer spending on services such as hospitality, transportation, and entertainment, used to measure service consumption activity.
Visa-Free Entry: Allowing citizens of certain countries to enter another country without obtaining a prior visa, often for a specified period and for tourism or short-term business purposes.
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