China's Q3 High-Frequency Data Points Up: Offline Spending Up 2.6%, SI Investment Nearly Triples
China's consumption, foreign trade and investment indicators improved steadily in the third quarter, according to high-frequency data released by the National Information Center under the National Development and Reform Commission, Xinhua reported on October 11. Offline consumption payments rose 2.6% year on year in the third quarter, 0.7 percentage points faster than in the second quarter, with September up 3.1% — a third consecutive monthly acceleration.
Departing and arriving cargo tonnage at major ports rose 43.1% and 0.3% respectively in the quarter, with September departures up 53.2%. New special bond issuance jumped 50.2% year on year in September, while contract awards for new-infrastructure projects involving computing power, data and networks grew 34.2% in the quarter and 50.4% in September. Capital investment in frontier fields such as super intelligence and humanoid robots surged 184.1% in the third quarter and 198.7% in September. Official third-quarter national accounts data from the National Bureau of Statistics are due later this month. (Sources: Xinhua, People's Daily Overseas Edition)
Source: 新华社、《人民日报海外版》
Published by GSM · USA (original Chinese edition)
Photo: 线下消费支付终端资料图，CC BY-SA 4.0（Wikimedia Commons）
