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China's Q3 GDP up 3.9% on year, beating forecasts

Analysts warn of flagging momentum as COVID curbs still weigh

Shanghai's financial district. China's third-quarter GDP grew 3.9% on the year, according to official statistics released on Oct. 24.   © Reuters

BEIJING -- China's economic growth rate rebounded to 3.9% on the year in the quarter ended September, official statistics showed on Monday, after the release was delayed last week.

The country's gross domestic product was sustained by higher fixed-assets investment and consumer spending, according to data revealed by the National Bureau of Statistics. The result beat the 0.4% growth seen in the second quarter, as well as a median forecast for the third period of 3.2%, projected in a Nikkei survey of economists.

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