China says indicators give good reason to believe in sustained recovery

People wearing face masks to help curb the spread of the coronavirus ride bicycle during the morning rush hour in Beijing | Photo: AP/PTI

BEIJING (Reuters) - Chinese economic indicators are providing a good reason to believe that a sustained recovery is underway, the country's statistics bureau said on Monday, after the world's second-biggest economy further expanded in the third quarter.

There's also good reason to be confident about China's full-year economic growth, Liu Aihua, spokeswoman at the National Bureau of Statistics, told a press briefing after the release of third-quarter gross domestic product.

While third-quarter GDP growth lagged behind expectations, the month of September saw improvement in all major indicators for the first time this year.


(Reporting by Gabriel Crossley; Writing by Ryan Woo; Editing by Shri Navaratnam)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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