Overseas People Are Optimistic About China's Economic Growth Prospects
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According to the data released by the National Bureau of Statistics, China's economy recovered in the third quarter, and its main indicators recovered and stabilized, maintaining a reasonable range. Positive factors accumulated and increased. Overseas observers believe that China's economy has shown resilience in the face of challenges and has bright prospects for medium - and long-term growth.
Data shows that in the first three quarters of this year, China's gross domestic product (GDP) grew by 3% year-on-year, 0.5 percentage point faster than the first half of this year. Among them, GDP in the third quarter increased by 3.9% year-on-year, 3.5 percentage points faster than that in the second quarter.
Yan Li, director of the China Senior Management Education Department of Nanyang Business School, Nanyang University of Technology, Singapore, believes that there are many highlights in the "report card" of China's economy in the third quarter, which shows that China's economy has great potential, a good trend and full room for growth in the future.
UBS Group released a research report on the 24th, saying that China's GDP growth in the third quarter exceeded market expectations, and investment and retail played a significant role in driving growth. Economists at UBS Group said that factors such as the resilience of the manufacturing industry and the rebound in consumer spending will drive China's economy to continue to recover.
Liang Guoyong, a senior economist at the United Nations Conference on Trade and Development, believes that consumption and investment have played a positive role in economic growth, and China's economy is expected to continue to operate along the upward path.
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