China's economy shows third-quarter growth

China's economy continued to improve during the third quarter of 2026, with official data showing gains driven by momentum in new growth engines. Out-of-online consumption payments increased by 2.6% year-on-year, accelerating from the second quarter, and September payments rose by 3.1%, marking three consecutive months of growth. Additionally, shipping volumes at major ports grew by 43.1% and 0.3%, respectively, and the issuance of private purpose bonds increased by 50.2% in September. Investments in infrastructure projects and technology sectors such as artificial intelligence and robotics also saw significant growth, rising by up to 184.1% during the quarter and 198.7% in September. The manufacturing sector returned to expansion, with the purchasing managers' index at 50.1, while the non-manufacturing sectors registered a level of 50.2. China aims for an economic growth rate between 4.5% and 5% in 2026, following a 4.7% growth in the first half of the year.

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