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Sunday, May 5, 2024

Latest Chinese economic data encouraging

People take in the view from a shopping mall near the China Central Television headquarters and China Zun skyscraper, in Beijing’s central business district. (Photo: Reuters)

BEIJING – China’s economy grew at a faster-than-expected pace in the third quarter, while consumption and industrial activity in September also topped forecasts, suggesting recent stimulus efforts are helping to bolster a tentative recovery.

Rapidly weakening growth in the world’s second-biggest economy since the second quarter had prompted authorities to step up their support, with Wednesday’s data indicating the stimulus is starting to…

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