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China GDP +9.8% YoY Sep 2021

The National Bureau of Statistics of China (NBS) released its latest data on October 18th about the general performance of the Chinese economy in the first three quarters of the year. Based on preliminary estimates, GDP reached RMB 82,313 billion (USD 12,790 billion) in the first nine months of the year, with an increase of 9.8% compared to the same period of 2020. By industry, the primary industry, with a share of 6% of total GDP, grew by 7.4%, while the secondary (39% of total GDP) and the tertiary industry went up by 10.6% and 9.5%, respectively.

On a quarterly basis, GDP in the third quarter of 2021 grew by 0.2% from the second quarter of 2021 and by 4.9% from the third quarter of 2020.