In the first nine months of this year, China's economic growth rate was 0.70 percent

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Beijing, Ta. 19 October 2020, Monday

In the September quarter of this year, China's economic growth rate was 4.50% year-on-year, lower than expected. Analysts were expecting 4.50%.

In the June quarter, China's GDP growth rate was 6.50%. According to the National Bureau of Statistics, China's economic growth rate for the first nine months of 2020 was 0.50% compared to the first nine months of 2017.

In the early months of the current year, China's economic growth rate has been slowing down after a decade-long low.

The Chinese government has taken various steps to stabilize the country's economy, which has been severely affected by the corona. These measures included fiscal spending, tax breaks and reduction in lending rates. The growth rate for the September quarter was 6.50 per cent on a quarterly basis.


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