China’s economy grew by 4.9% in the third quarter

News

China’s economy grew by 4.9% in the third quarter

21.10.2020 News

According to the National Bureau of Statistics of China, the country’s GDP grew by 4.9% year on year in the third quarter.

China’s economy is recovering the fastest in the world from the COVID-19 pandemic – GDP decline by closing factories and quarantine in the first quarter of the year already fully compensated, and the economy is already adding 0.7% compared to the first nine months of 2019. However, economists expected more from the Chinese economy in the third quarter: Bloomberg`s analysts forecast an average of China’s GDP growth of 5.5% this quarter.

The growth of the economy is facilitated by the rapid recovery of the industrial production – for the reporting three months, its volumes increased by 5.8% compared to the previous year, which is 1.4% faster than in the second quarter. Agricultural production continues to grow at the rate of 3.8% over the previous year.

Retail also started to growth – retail sales grew by 0.9% in the quarter. However, in the first nine months, sales were 7.2% lower than last year.

Other articles

  • The world’s largest free trade area has been created
    News

    The world’s largest free trade area has been created

    China, Australia, Japan and 12 other countries in the Asia-Pacific region have formed the world’s largest free trade area. The agreement was signed during the online summit of the Association of Southeast Asian Nations. We are talking about the creation of a free trade area called the Comprehensive Regional Economic Partnership (CREP). The following countries […]

  • General Motors reports profit growth of 74%
    News

    General Motors reports profit growth of 74%

    Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]

  • The net loss of the world’s largest cinema network increased 16.5 times in the third quarter
    News

    The net loss of the world’s largest cinema network increased 16.5 times in the third quarter

    AMC Entertainment Holdings, which owns the world’s largest network of cinemas, presented its financial report for the third quarter of 2020. His company ended with a net loss of $ 906.5 million – 16.5 times worse than last year. In the third quarter, the company’s cinemas began to reopen after a five-month of lockdown due […]

  • The third quarter of Alphabet showed growth in search advertising revenue and strong growth in YouTube
    News

    The third quarter of Alphabet showed growth in search advertising revenue and strong growth in YouTube

    Shares of Alphabet, which rose 18.2% over the past 6 months, rose 9% after closing trading on Thursday when the global advertising giant announced significant improvements in the reporting quarter. Google’s parent financial report far exceeded analysts’ expectations and showed a resumption of advertising revenue growth after reporting a drop in revenue for the first […]

  • Chevron made a net loss of $ 4.9 billion in nine months
    News

    Chevron made a net loss of $ 4.9 billion in nine months

    The net loss of the second largest American oil and gas company Chevron, which accounts for the parent company, in the first nine months of 2020 amounted to 4.878 billion dollars against a profit of 9.534 billion dollars a year earlier, the company said. The diluted loss per share was $ 2.63 against earnings of […]

  • Visa and JPMorgan Chase are launching apps for contactless payment system for sellers
    News

    Visa and JPMorgan Chase are launching apps for contactless payment system for sellers

    On Tuesday, JPMorgan Chase announced the launch of its mobile payment service QuickAccept, and on Wednesday, Visa launched its application called Tap to Phone. The purpose of both programs is to offer sellers an easy way to accept contactless payments from customers via a smartphone or tablet. According to Visa, in the context of the […]

  • AT&T’s quarterly revenues exceeded estimates after adding 645,000 new telephone subscribers
    News

    AT&T’s quarterly revenues exceeded estimates after adding 645,000 new telephone subscribers

    Shares of AT&T, which have lost 27.6% of value since the beginning of the year, rose up to 5.8% on Thursday after the publication of better-than-expected Wall Street analysts, earnings for the 3rd quarter, which ended on September 30. AT&T reported earnings per share of $ 0.76, which is 19% below last year’s value, but […]

Read also

China’s economy grew by 4.9% in the third quarter
News

AMC instituted a proceeding against the “Ukrtatanafta”

The Antimonopoly Committee of Ukraine (ACU) instituted a proceeding against JSC “Ukrtatnafta” for submitting the committee with incomplete information. As the press service of the AMC said, the committee is investigating part of case instituted on the grounds of violations of the legislation on the Protection of Economic Competition by the companies  “Ukrtatnafta” JSC, “SPC-Galicia”, […]

Next
China’s economy grew by 4.9% in the third quarter
News

Statutory merger: Razer & Nextbit

The Razer company, which is engaged in the creation of gaming notebooks (the headquarters California, USA), became the owner of most of the assets Nextbit manufacturer, which produces “cloud smartphones” Robin. It is reported by the source InVenture. Also Razer staff with the acquisition includes all employees of Nextbit Systems Inc., including senior management. All […]

Next
China’s economy grew by 4.9% in the third quarter
News

Mriya has provided a social assistance to local communities in the amount of 22 mln. UAH

Agricultural company Mriya  paid 192.4 million UAH of tax deductions and provided assistance to local communities  of  22 million UAH. Since the affiliation under the control of creditors in February 2015, “Mriya” Agro Holding paid 192.4 million UAH of tax payments to budgets of all levels. In addition, last year the company provided social assistance […]

Next
China’s economy grew by 4.9% in the third quarter
News

Tim Cook received options from Apple for 1 million shares of the company

Apple has given to CEO Tim Cook two options which can be converted into approximately 1 million shares of the company under certain conditions. This follows from the documents submitted by the corporation in the Securities and Exchange Commission (SEC) of the USA. The first option is 333,987 shares with the restrictions, which the head […]

Next
China’s economy grew by 4.9% in the third quarter
News

Lyft announces a resumption of travel and expects profits by the end of 2021

Shares of Lyft, which fell 16.2% since the beginning of the year but jumped 37.4% over the past week, rose 5.8% amid investor reaction to the company’s quarterly report. Lyft reported a loss for the third quarter (ended September 30) at $ 1.46, which is worse than analysts’ forecasts at – $ 0.91 loss per […]

Next
China’s economy grew by 4.9% in the third quarter
News

Cargill lost in court in the case of the Delta

The Cargill chances to prove the legitimacy of the withdrawal of assets from the Delta Bank in the amount of 2.5 billion USD are reducing. Yesterday, the Supreme Commercial Court partially satisfied the cassation of the liquidator Delta Bank, canceled the previous court decisions on the loan company “Yablunevyi dar” and returned the case in […]

Next
China’s economy grew by 4.9% in the third quarter
News

German Investors open a seed plant for €20 m

As having reported on Agro Portal, KWS Ukraine Company has invested 20 million euros in the seed plant start-up in Khmelnytskyi region. The plant power has been 6 thousand tonnes per one year on the September- October in Kamyanets-Podolskyi town (Khmelnytskyi region).LLC KWS Ukraine specialises in seeds plant production and distribution. It has put on […]

Next
China’s economy grew by 4.9% in the third quarter
News

The largest producer of chicken meat received $8 million losses

As Interfax-Ukraine reported, Mironivsky Hliboproduct Agricultural holding   finished the third quarter 2016 with the net loss of $8 million against $24 million a net profit last year. Following the results of nine months the net profit of the company  is constituted $86 million The Mironivsky Hliboproduct Agricultural holding (MHA)  has received 8 million dollars […]

Next
China’s economy grew by 4.9% in the third quarter
News

Arcelor Mittal will pay a fine of 72 million UAH

A metallurgical complex Arcelor Mittal (Kryvyi Rih) will be forced to pay a fine of 72 million UAH. It was decided by the Dnipropetrovsk Commercial Court of Appeal to satisfy the claim against the industrial complex in the case of exceeding the level of pollutant emissions into the atmosphere. The case was opened on the […]

Next
China’s economy grew by 4.9% in the third quarter
News

$ 12 billions were invested in European start-ups in 2016

Startups European market by the number of attracted investments only gives place to America and China markets. According to the analysis, which is carried out the investment bank of France Clipperton and resource Who Got Funded, it increased the number of transactions up to $ 30 million last year, which graded decline in the proportion […]

Next
China’s economy grew by 4.9% in the third quarter
News

Bayer to invest $ 300 million in the creation of new businesses

In his new project, the pharmaceutical giant Bayer wants to unite the genome editing technology crispr with their experience in trying to develop new drugs. Bayer, in close cooperation with Crispr Therapeutics AG on the basis of new technologies will seek to establish modern medicines from hemophilia and heart disease of newborns. In a joint […]

Next
China’s economy grew by 4.9% in the third quarter
News

“MTS Ukraine” buys “TriMob” for 3 billion UAH

“MTS Ukraine” (Vodafone Ukraine), telecommunication  company  reached an agreement with “Ukrtelecom” about buying mobile operator “TriMob”. As noted, the the transaction amounted to about $ 120 million (3 billion UAH). According to  one source ,  negotiations about the deal  began  since the spring of last year, when  the “MTS Ukraine” has sold its fixed network […]

Next
China’s economy grew by 4.9% in the third quarter
News

The transaction between Dow Chemical Company and DuPont will be the largest on the market of mergers and acquisitions in 2015

The agreement between two chemical corporations will make a company with a market value of $ 120 million. According to information of WSJ, two companies began to discuss  the merger in November 2015. Now representatives of the enterprises carry out the last part of the negotiations between the leaders. When companies announced about agreement between […]

Next
China’s economy grew by 4.9% in the third quarter
News

L’Oreal has created a virtual make-up for video conferences

The French company has developed an augmented reality application for digital makeup. The Signature Faces application allows you to apply filters to your face in real time. “We believe that everyone is beautiful by themselves, but in a world where the camera is always on, it’s normal to want to “play” with filters. We want […]

Next
China’s economy grew by 4.9% in the third quarter
Analytics

Pharmaceutical market of Ukraine: realities and perspectives

In 2013, which experts call the reference, the volume of the pharmaceutical market of Ukraine was about 3.3 billion US dollars. The Pharmaceutical market at that time was one of the fastest growing and took the second place among the CIS countries. According to the consulting company BakerTilly, on average, the market growth rate was […]

Next
China’s economy grew by 4.9% in the third quarter
News

The third quarter of Alphabet showed growth in search advertising revenue and strong growth in YouTube

Shares of Alphabet, which rose 18.2% over the past 6 months, rose 9% after closing trading on Thursday when the global advertising giant announced significant improvements in the reporting quarter. Google’s parent financial report far exceeded analysts’ expectations and showed a resumption of advertising revenue growth after reporting a drop in revenue for the first […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com