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China: China's economy grows 5.2% year on year in first 9 months

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Storyline: China's economy grows 5.2% year on year in first 9 months [Voice_over] China has maintained steady growth this year despite a highly uncertain global economy. According to official statistics data released on Monday, third-quarter GDP grew by 4.8% year-on-year, bringing growth in the first three quarters to 5.2%. Industrial output jumped by more than 6% from January to September, with the value-added of the equipment and high-tech manufacturing industries both rising by nearly 10% year-on-year. Total retail sales of consumer goods grew by 4.5% during the same period. Trade-in policies continued to boost certain consumer goods categories with household appliances, electronics, and furniture sales, all surging more than 20%. Meanwhile, urban unemployment remained unchanged at 5.2% from the first half's reading. Fixed asset investment was down by 0.5% in the first nine months, as an adjusting real estate sector continues to weigh on investment growth. The growth rate in the manufacturing sector was relatively fast at 4%. [Sound_bite] Fu Linghui, Spokesperson, National Bureau of Statistics of China: "Globally, China's 5.2% economic growth stands out among major economies. The country continues to be a key engine for global economic expansion. China's economy has maintained steady growth and shown remarkable resilience. This year, different regions have been developing new quality productive forces based on their specific conditions, which helps optimize the economic structure. We're seeing exciting advances everywhere, from large-scale AI models to robot marathons, from aerospace to self-driving cars. The close integration of innovation and industry chains keeps bringing fresh vitality to the economic development." [Restrictions : No access Chinese mainland]

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