China's GDP grows by 3.9% Y-o-Y in July-September quarter

The GDP of China showed a 3.9% year-on-year growth in the July-September quarter, amid a raft of government measure. However, domestic demand declined towards the end of the quarter due to persistent COVID-19 restrictions, a prolonged property slump and global recession risks. In the nine months to September, China's inflation-adjusted urban per capita consumption fell 0.2% on year.