China's GDP expands to 107 trillion yuan over first 3 quarters

The mainland's GDP over the first three quarters of this year surpassed 107 trillion yuan, which is a year-on-year increase of 4.6%.

This as GDP growth in Q3 exceeded market expectations by reaching 4.5% year-on-year.

According to the National Bureau of Statistics, the nation's GDP expanded by 5.7 trillion yuan over the first three quarters, marking the highest increase in the past five years.

Central authorities pointed to the nation's exceptional performance in foreign trade, with the import and export sector expanding by close to 19% year-on-year to 40 trillion yuan.

The bureau also noted the speed of economic growth in China continues to outpace the rest of the world's major economies.