市场趋势

China's GDP Expands 4.5 pct Year on Year in Q3

CHINA TEXTILE LEADER-国际资讯2026-10-22 16:35查看原文 ↗

✦产业研判

产业概括：中国三季度GDP同比增长4.5%

国家统计局数据显示，2026年三季度中国GDP同比增长4.5%，较二季度加快0.2个百分点；前三季度增长4.6%，经济总量约107.11万亿元。前三季度货物进出口增长18.8%，其中进口增长22.3%；社会消费品零售总额增长1.1%，服务零售增长5%。

流通方向中性强度弱周期短期

关键观察变量

后续季度GDP增速、社会消费品零售总额增速、服装鞋帽针纺织品零售额增速、货物进出口增速、居民消费信心与收入预期

判断边界原文为宏观经济数据，未披露纺织服装行业细分数据、批发市场经营指标或商户动态，不能据此推断纺织服装产业链具体环节的景气变化，也不能推导对批发市场招商、租金或客流的直接影响。

2026/10/22

China's gross domestic product (GDP) grew 4.5 percent year on year in the third quarter (Q3) of 2026, data from the National Bureau of Statistics (NBS) showed.

The growth rate was higher than the second quarter's reading of 4.3 percent, the data showed. The country's economy expanded 4.6 percent year on year in the first three quarters.

The world's second-largest economy generated about 107.11 trillion yuan (about 15.94 trillion U.S. dollars) in output during the January-September period, according to the NBS.

"The national economy forged ahead against pressure and continued to shift toward innovation-driven, high-quality development, with growing positive changes in major indicators," the NBS said in a statement.

Noting the GDP growth of 4.6 percent in the first three quarters is in line with the country's annual growth target, NBS deputy head Mao Shengyong told a media conference that the economy added 5.7 trillion yuan in output during the period, the largest increase for the same period in the past five years.

In the third quarter, GDP growth picked up 0.2 percentage points from the second quarter, while some international institutions forecasted that major economies were expected to grow more slowly compared to the previous quarter, Mao said.

New growth drivers continued to expand in China, contributing more than 40 percent to the country's economic growth in the first three quarters, according to preliminary estimates. Value-added industrial output rose 5.3 percent year on year, with equipment manufacturing up 10.2 percent and high-tech manufacturing up 14.3 percent. Output of industrial robots, lithium-ion batteries and 3D printing equipment jumped 29.1 percent, 39.5 percent and 62.5 percent, respectively.

Goods imports and exports rose 18.8 percent year on year to 39.94 trillion yuan in the first three quarters, with imports up 22.3 percent. In September alone, trade grew 27.5 percent.

In the first three quarters, retail sales of consumer goods rose 1.1 percent year on year, while retail sales of services grew 5 percent. Mao added that energy consumption per unit of GDP fell 3.1 percent during the period.

China will step up efforts to expand domestic demand, improve supply and make macro policies more effective to sustain the positive momentum of innovation-led and high-quality development, the official said. (Xinhua)

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