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The Chinese economy experienced a significant improvement during the third quarter of 2026. Official data showed a continued recovery in growth, driven by new engines of momentum. Payments for offline consumption rose by 2.6% year-on-year, accelerating from the previous quarter, marking three consecutive months of growth, with a 3.1% increase in September. Additionally, vessel traffic at major ports increased by 43.1% domestically and 0.3% externally. Private bond issuance also surged by 50.2% in September compared to the previous year. Infrastructure investments, such as computing capacity and data centers, grew by 34.2% over the quarter. Leading technological sectors, including artificial intelligence, saw investments jump by 184.1% in the third quarter and 198.7% in September. China aims for an economic growth rate of between 4.5% and 5% in 2026, with goals set to achieve better results and revive activity in both the manufacturing and non-manufacturing sectors. The Purchasing Managers' Index (PMI) stood at 50.1 and 50.2 in September, respectively, reflecting a notable recovery in the economy.
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