# China’s economy grew 4.5% year on year in Q3

> China’s National Bureau of Statistics said GDP grew 4.6% year on year in the first three quarters at constant prices. Third-quarter growth was 4.5% year on year and 1.2% quarter on quarter.

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- Publisher: Newsverum
- Section: Economy
- Country: China
- Published: 2026-10-21T00:44:00+00:00
- Updated: 2026-10-21T00:44:00+00:00
- Event / data period: 2026-09
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GDP reached 107,107.1 billion yuan in the first three quarters. Value added in services rose 5.2% year on year, compared with 3.8% in the secondary sector and 3.7% in the primary sector. The figures were published as preliminary estimates.

Third-quarter growth exceeded the 4.3% year-on-year rate in the second quarter; growth had been 5.0% in the first quarter. The quarter-on-quarter figure is seasonally adjusted, while annual GDP growth is measured at constant prices.

China’s National Bureau of Statistics said on 19 October that industrial value added at designated-size firms rose 5.3% year on year in January–September. High-tech manufacturing increased 14.3%. Value added in equipment manufacturing grew 10.2% over the same period, 4.9 percentage points faster than overall industrial growth. Growth rates are calculated at comparable prices. By product, output of 3D-printing devices rose 62.5%, lithium-ion batteries 39.5% and industrial robots 29.1%. The bureau’s industrial series covers enterprises above its designated-size threshold.

China’s National Bureau of Statistics reported on 19 October that fixed-asset investment excluding rural households fell 7.2% year on year in January–September 2026. Excluding property development, it declined 4.2%. The reported total was 33,411.5 billion yuan. The bureau said the year-on-year decline was unchanged from the January–August reading; investment rose 0.07% month on month in September after seasonal adjustment. Investment in high-tech industries increased 4.9%, while investment in information services rose 20.2%. Annual rates are calculated on a comparable basis. The release defines fixed-asset investment as completed construction and acquisition activity and related costs during the period.

## Data

### GDP growth rate

Real growth in Q3 and the first nine months of 2026

Methodology: NBS preliminary estimate; annual rates at constant prices, quarterly rate seasonally adjusted.

| label | value | unit | period | basis | period_start |
|---|---|---|---|---|---|
| GDP, year-on-year change | 4.5 | percent | 2026-09 | estimate | 2026-07 |
| GDP, quarter-on-quarter change | 1.2 | percent | 2026-09 | estimate | 2026-07 |

Sources: <https://www.stats.gov.cn/english/PressRelease/202610/t20261019_1965619.html> · Download data: [JSON](https://newsverum.com/api/v1/articles/china-gdp-growth-q3-2026-45-percent/data/china-q3-gdp-growth?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/china-gdp-growth-q3-2026-45-percent/data/china-q3-gdp-growth?lang=en&format=csv)

### Industry and high-tech manufacturing

Year-on-year growth in January–September

Methodology: NBS industrial value-added data; growth at comparable prices for enterprises above the designated-size threshold.

| label | value | unit | period | basis | period_start |
|---|---|---|---|---|---|
| Industrial enterprises above designated size | 5.3 | percent | 2026-09 | observed | 2026-01 |
| High-tech manufacturing | 14.3 | percent | 2026-09 | observed | 2026-01 |

Sources: <https://www.stats.gov.cn/english/PressRelease/202610/t20261019_1965619.html> · Download data: [JSON](https://newsverum.com/api/v1/articles/china-gdp-growth-q3-2026-45-percent/data/china-industrial-production-2026?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/china-gdp-growth-q3-2026-45-percent/data/china-industrial-production-2026?lang=en&format=csv)

### Fixed-asset investment, year-on-year change

Percentage changes in fixed-asset investment in January–September 2026

Methodology: NBS cumulative fixed-asset investment series excluding rural households, calculated on a comparable basis.

| label | value | unit | period | basis | period_start |
|---|---|---|---|---|---|
| Fixed-asset investment, year-on-year change | -7.2 | percent | 2026-09 | observed | 2026-01 |
| Investment excluding real-estate development | -4.2 | percent | 2026-09 | observed | 2026-01 |

Sources: <https://www.stats.gov.cn/english/PressRelease/202610/t20261019_1965619.html> · Download data: [JSON](https://newsverum.com/api/v1/articles/china-gdp-growth-q3-2026-45-percent/data/china-fixed-asset-investment-2026?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/china-gdp-growth-q3-2026-45-percent/data/china-fixed-asset-investment-2026?lang=en&format=csv)

## Sources

- [National Bureau of Statistics of China](<https://www.stats.gov.cn/english/PressRelease/202610/t20261019_1965619.html>) (Source checked: 2026-10-21; Published: 2026-10-19)

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