China Q3 GDP rises 4.5%, beating forecasts on AI exports
Briefing by News4U · First published
China’s economy grew 4.5% in July-September, up from 4.3% in Q2, putting it on track for the 4.5-5% annual target.
China’s GDP grew 4.5% year-on-year in the third quarter, beating forecasts and rising from 4.3% in April-June, the National Bureau of Statistics said on Monday. Growth for the first nine months reached 4.6%. [1] [2] [3] [5]
Exports surged on global demand for AI-related chips and electronics, widening the trade surplus and keeping China on course to exceed last year’s record $1.2 trillion. Industrial output rose 5.5% in September, while retail sales grew only 1.1%. [1] [2] [3] [4] [5]
Property investment fell 20.6% in the first nine months and fixed-asset investment dropped 7.2%. Beijing has rolled out modest credit and fiscal support but has so far avoided large-scale stimulus. [1] [2] [3] [4]
Sources
- China's economic growth picks up as AI boom boosts exports
BBC Business · · Full text
- China's GDP rebounds to beat expectations
RTHK Finance · · Excerpt
- 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