<span style="color: #222222;">China's Gross domestic product (GDP) grew 4.9% in third quarter, as per official data released on Monday.<br />'' <br />'' Releasing the data in Beijing today, Chinese National Bureau Spokeswoman Liu Aihua, said that the world's second-largest economy grew 0.7% in the first nine months from a year earlier. However, she said that economy is still in the process of recovery.</span><br />'' <span style="color: #222222;"><br />'' Experts believe that China has shown some signs of recovery from a record slump caused by COVID-19 in the first months of the year 2020 but it is less than expected.<br />'' <br />'' This growth is driven by a rebound in exports but impact of COVID-19 elsewhere in the world may impact Chinese economy.<br />'' <br />'' The return of lockdowns in Europe and another wave of coronavirus infections in some countries will hurt consumer spending and may impact China's economy negatively.<br />'' <br />'' The services sector, which already accounts for over 50% in GDP, has shown a bit slow recovery.<br />''<br />''But, retail sales and exports have shown a rebound. Exports and property-related sectors are faring quite well, while consumption lags a bit. Growth in the industrial output has rebounded, mostly due to recovery in exports. </span><br />