China's retail sales up 2.5 pct in September, foreign trade up 9.9 pct

China's gross domestic product (GDP) expanded 3.9 percent year on year in the third quarter of 2022, data from the National Bureau of Statistics showed Monday (Oct. 24).

China's retail sales of consumer goods went up 2.5 percent year on year in September.

Meanwhile, the country's value-added industrial output, an important economic indicator, went up 6.3 percent year on year in September.

The industrial output is used to measure the activity of designated large enterprises with an annual business turnover of at least 20 million yuan (about 2.81 million U.S. dollars).

China's foreign trade of goods jumped 9.9 percent year on year to 31.11 trillion yuan (about 4.75 trillion U.S. dollars) during the first nine months of the year.

Exports rose 13.8 percent year on year to 17.67 trillion yuan, while imports increased 5.2 percent from a year ago to 13.44 trillion yuan, according to the General Administration of Customs.

China's fixed-asset investment went up 5.9 percent year on year in the first nine months of the year.