China Q3 GDP rises 4.5% as exports offset domestic weakness

Briefing by News4U · First published

China's economy grew 4.5% in July-September, beating forecasts and rebounding from 4.3% in Q2, driven by AI-related exports while property and consumption remain weak.

China's GDP grew 4.5% year-on-year in the third quarter, up from 4.3% in April-June and above the 4.4% forecast, according to the National Bureau of Statistics. Growth for the first nine months reached 4.6%, keeping the economy on track for the 4.5%-5% annual target. [1] [2] [3]

Exports surged, with the trade surplus on pace to exceed last year's $1.2 trillion record, aided by demand for semiconductors and AI components. Property investment fell 20.6% in the first nine months, while retail sales rose 2.6% over the same period. [1] [2] [3]

Sources

  1. China's economic growth picks up as AI boom boosts exports

    BBC Business · · Full text

  2. China's GDP rebounds to beat expectations

    RTHK Finance · · Excerpt

  3. China’s economy grows 4.5 percent in Q3, beating forecasts

    Al Jazeera · · Full text

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