Beijing: After a 6.8 percent drop in the first quarter of 2020 and a 3.2 percent rebound during the second, China’s Gross Domestic Product (GDP) grew 4.9 percent in the July- September quarter, Radio Habana Cuba publishes.
According to the National Bureau of Statistics of that country, during the third quarter there were increases of 5.8 percent in industrial production and 0.9 in the sales of consumer goods (in the case of this last indicator it is its first positive data in 2020). Agriculture (3.9 percent) and the services sector (4.3 percent) also grew.
The unemployment rate in urban areas stood at 5.4 percent at the end of September (0.2 points below the August figure), another figure that the Bureau considered encouraging and demonstrative of the continued recovery of the economy even amidst the difficulties arising from the Covid-19 pandemic.
Despite this behavior, the office warned of the need to “be aware that the international environment continues to be complicated and severe, with considerable instabilities and uncertainties”, for which it urged “to consolidate the bases for a sustained recovery”.
In general, in the first nine months of 2020, the Chinese economy grew 0.7 percent compared to the same period in 2019 and reached 72.27 trillion yuan (10.80 trillion euros).
Due to the negative impact of Covid-19, the Chinese authorities neglected to set a growth goal for 2020 and determined to prioritize programs aimed at creating more jobs, eradicating poverty and maintaining social stability. Greater control of the epidemic plays a key role in this strategy.
Redacción Digital
Equipo de redactores del sitio web de Radio Mayabeque
