China’s Q3 GDP grew by 8.9 percent year on year, accelerating from 7.9 percent in Q2 Even during the worst periods of the financial crisis, the relatively insular economy of China was widely viewed as a calm port in the sweeping storm. China’s Q3 GDP grew by 8.9 percent year on year, accelerating from 7.9 percent in Q2 Even during the worst periods of the financial crisis, the relatively insular economy of China was widely viewed as a calm port in the sweeping storm.