China's Third-Quarter Growth Accelerates as Industrial Output Strengthens

China's National Bureau of Statistics said in its release on Monday, October 19, 2026, that gross domestic product grew 4.5% year on year in the third quarter of 2026, up from 4.3% in the second quarter. Output at large industrial enterprises increased 5.5% year on year in September 2026. Stronger industrial activity in Asia's largest oil buyer matters for assessing demand for crude and raw materials; these are realised growth figures, not a forecast for oil consumption.