China's Q3 GDP grows 4.5%, beating forecasts on export strength
Briefing by News4U · First published
China's economy expanded 4.5% in July-September, up from 4.3% in Q2, driven by exports amid weak domestic demand.
China's GDP grew 4.5% year-on-year in the third quarter, beating forecasts and accelerating from 4.3% in April-June, the National Bureau of Statistics reported Monday. Growth for the first nine months reached 4.6%, keeping the economy on track for the 4.5-5% annual target. [1] [3] [4] [5] [6] [7] [8]
Exports surged, supported by AI-related tech demand, while retail sales rose 1.1% in September and industrial output grew 5.5%. Fixed-asset investment fell 7.2% and property investment dropped 20.6% in the first nine months. [2] [4] [6] [7] [8]
Beijing has introduced modest fiscal and credit measures but analysts say the economy remains reliant on exports, raising risks from trade tensions with the EU and other partners. [4] [6] [7]
Sources
- BREAKING NEWS: China's GDP grows 4.5% in 3rd qtr, accelerating from 2nd qtr
Kyodo News Business · · Summary only
- Strong Exports Stabilize China’s Economic Growth in Official Statistics
NY Times · · Summary only
- China’s economy picks up pace with 4.5% growth
FT China · · Summary only
- China's GDP rebounds to beat expectations
RTHK Finance · · Excerpt
- China’s economy grows 4.5% on robust exports as domestic weakness persists
Euronews Business · · Summary only
- China’s economy grows 4.5 percent in Q3, beating forecasts
Al Jazeera · · Full text
- China's economic growth picks up as exports boom
RTÉ Business · · Full text
- China’s economy grows faster than forecast after AI boom boosts exports
The Guardian Business · · Full text