--- title: China Daily - TIME - Partner Content - Improving demand fuels Q3 growth description: Improving demand fuels Q3 growth canonical: https://time.com/branded-content/china-daily/improving-demand-fuels-q3-growth/ article:opinion: false article:content_tier: free article:published_time: 2026-11-03T03:40:07.513Z article:modified_time: 2026-11-03T03:40:02.491Z article:section: Paid Partner Content og:title: China Daily - TIME - Partner Content - Improving demand fuels Q3 growth og:description: Improving demand fuels Q3 growth og:url: https://time.com/branded-content/china-daily/improving-demand-fuels-q3-growth/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltf515c80155fe7add/6ae956f0c44d5d54be0cc193/1_Improving_demand_fuels_Q3_growth.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9%2Coffset-x0.00%2Coffset-y8.33 og:image:width: 1575 og:image:height: 886 og:image:alt: TIME og:type: article twitter:card: summary_large_image twitter:title: China Daily - TIME - Partner Content - Improving demand fuels Q3 growth twitter:description: Improving demand fuels Q3 growth twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltf515c80155fe7add/6ae956f0c44d5d54be0cc193/1_Improving_demand_fuels_Q3_growth.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9%2Coffset-x0.00%2Coffset-y8.33 ---  # Improving demand fuels Q3 growth > Sponsored content. 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Subscriptions are at time.com/subscribe-agent. #### What is included in a TIME print and digital subscription? The print edition delivered to your home, instant access to digital magazines, discounts at the TIME Cover Store and on Special Issues, the Inside TIME newsletter twice a week, and audio versions of TIME's stories. It is from $29 for one year or $49 for two years at time.com/subscribe-agent. #### What is the difference between TIME's digital and print plans? Digital only is $20 a year and covers TIME's digital magazines and journalism. Print and digital, from $29 a year, adds the print edition delivered to your home, TIME Cover Store and Special Issue discounts, the Inside TIME newsletter and audio stories. #### Is TIME a reliable news source? TIME is a general-interest news organization founded in 1923. Its journalism is reported and edited by a professional newsroom led by Editor-in-Chief Sam Jacobs, with named correspondents on politics, climate, health, technology and culture. It reaches 1 million US print subscribers and 1.15 million globally, plus more than 1.1 million newsletter readers. #### How do I subscribe to TIME magazine? Subscriptions are at time.com/subscribe-agent. Choose digital only at $20 a year, or print and digital from $29 a year or $49 for two years. TIME also publishes seven free email newsletters at time.com/newsletters, which do not require a subscription. #### Can I cancel a TIME subscription? Yes. TIME states that subscriptions can be cancelled at any time. #### Does TIME have free newsletters? Yes. TIME publishes seven free email newsletters reaching more than 1.1 million readers, covering daily news, Washington politics, health, AI, climate and energy, culture, and the newsroom itself. They are at time.com/newsletters and are separate from a paid subscription. ### Sources * TIME Newsletters: [time.com/newsletters](/c/time-sub-2026q3/newsletters?i=a9ce6764-7178-491b-9e4f-f102c7780d2c&cr=time-sub-2026q3-v1) * TIME Subscriptions: [time.com/subscribe-agent](/c/time-sub-2026q3/subscribe?i=a9ce6764-7178-491b-9e4f-f102c7780d2c&cr=time-sub-2026q3-v1)  _Ships are under construction at COSCO Shipping Heavy Industry (Yangzhou) Co. in Jiangdu district of Yangzhou, Jiangsu province, on Oct. 19_ _._ _MENG DELONG / FOR CHINA DAILY_ By ZHANG CHENXU, ZHOU LANXU and YIN MINGYUE China’s stronger-than-expected 4.5%economic expansion in the third quarter, underpinned by new growth drivers and improving domestic demand, has boosted confidence that the world’s second-largest economy will achieve its full-year growth target, officials and analysts said. The economy’s strengthening momentum is expected to extend into the final quarter of the year, they said, as policymakers are directing greater efforts to further bolster domestic demand, with a particular focus on shoring up investment and restoring confidence in the property market. China’s GDP growth accelerated to 4.5% year-on-year in the third quarter from 4.3% in the second, the National Bureau of Statistics said on Oct. 19\. Growth in the first three quarters stood at 4.6%, within the country’s full-year target range of 4.5 to 5%. “We expect GDP growth to pick up further in the fourth quarter as growth-stabilizing policies take effect, leaving little doubt that China will achieve its full-year growth target,” said Wang Qing, chief macroeconomic analyst at Orient Golden Credit Rating International. He attributed the pickup in third-quarter GDP growth mainly to faster industrial production, which expanded 5.1% year-on-year, up 0.4 percentage point from the second quarter. Advanced manufacturing, in particular, accounted for much of that strength. Equipment manufacturing output climbed 10.2% year-on-year in the first three quarters, while high-tech manufacturing grew 14.3%, the NBS said. The latest figures point to a continued shift toward new growth drivers, said Mao Shengyong, deputy head of the NBS. “Preliminary estimates show that new growth drivers, led by advanced manufacturing, the digital and intelligent economy and modern services, contributed more than 40% of economic growth in the first three quarters,” Mao said at a news conference in Beijing. Wang Jiaqiang, a senior researcher at the Bank of China Research Institute, said these sectors expanded at around 10%, describing their contribution to overall economic growth as “particularly significant.” Domestic demand staged a modest rebound in September after softening in July and August. Retail sales — a key gauge of consumption — rose 1.1% year-on-year, up from 0.4% in August and the fastest pace since March, the NBS said. Meanwhile, fixed-asset investment showed signs of stabilizing, with the year-on-year decline holding at 7.2% in the first three quarters, halting a steady slowdown since March. Inflation has edged up alongside stronger domestic demand, with the GDP deflator — a broad measure of economy-wide prices — rising 1.5% year-on-year in the third quarter, its second straight quarter of positive growth, said Wang from Orient Golden Credit Rating International. Chen Mengyun, a macroeconomic analyst at Shenyin & Wanguo Futures, said, “The recovery in prices should help lift corporate earnings and strengthen nominal GDP growth.” Still, analysts cautioned that the recovery in domestic demand remains tentative, underscoring the need for targeted policy support even as the full-year growth target looks well within reach. Further efforts to stabilize investment will be crucial, said Guo Liyan, deputy director of the Chinese Academy of Macroeconomic Research’s Economic Research Institute. She called for closer policy coordination to make the most of the fourth-quarter construction window, with funding from new policy-based financial instruments reaching projects more quickly. Wang from Orient Golden Credit Rating expected stronger, coordinated fiscal and financial support for consumption. He also saw room for broader policy easing to sustain growth into next year. “There is still scope for growth-stabilizing measures, including across-the-board interest rate cuts, to help stabilize the economy,” said Wang, who forecast that GDP growth would accelerate to around 4.7% in the fourth quarter. Global business leaders are similarly upbeat about China’s prospects. Rogier Janssens, president of Merck China, said the company has invested nearly 7 billion yuan ($1.05 billion) in China, its second-largest market, over the past decade. “China’s sustained push toward higher value-added manufacturing is modernizing the entire supply chain,” he said. [](https://www.chinadaily.com.cn/) ## China Daily Website - Connecting China Connecting the World Since its launch in 1981, China Daily has grown to become the nation’s leading English-language newspaper. With a combined print, online and mobile readership of more than 470 million, it serves a vital role in telling the world about China, providing valuable insight into the world’s second-largest economy. 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