China's economy rebounded at a faster-than-anticipated clip in the third quarter, but a more robust revival in the longer term will be challenged by persistent COVID-19 curbs, a prolonged property slump and global recession risks.
Helped by a raft of government measures, the world's second-biggest economy expanded 3.9% in July-September from a year earlier, official data showed on Monday, outstripping the 3.4% pace forecast in a Reuters poll and faster than the 0.4% growth in the second quarter.
Final consumption accounted for 2.1 percentage points of the 3.9% GDP growth, while capital formation, or investment, and net exports accounted for 0.8 and 1.1 percentage points, respectively.
In the nine months to September, China's inflation-adjusted urban per capita consumption fell 0.2% on year.
On a quarterly basis, GDP rose 3.9% versus a revised drop of 2.7% in April-June and an expected 3.5% rise.
