China's GDP expands 4.9% in Q3, economy grows 0.7% in first three quarters

China's economy expanded 4.9 percent year on year in the third quarter of 2020, faster than the 3.2-percent growth in the second quarter, according to the latest data from the National Bureau of Statistics (NBS).

The country's gross domestic product (GDP) bounced back from during the COVID-19 epidemic and expanded 0.7 percent year on year in the first three quarters of 2020.