China's GDP grows 4.5% in Q3, up from 4.3% in Q2

AI-generated briefing by News4U · First published

Exports driven by AI demand offset weak domestic spending and a prolonged property slump.

China's economy grew 4.5% in the third quarter, accelerating from 4.3% in the previous period but below the 5% pace recorded in the first quarter, according to the National Bureau of Statistics. [1] [3]

Exports, boosted by global demand for AI-related chips and components, have helped offset sluggish consumer spending and a housing slump that saw property investment fall more than 20% in the first nine months. [2] [3]

The figure sits at the lower end of Beijing's 4.5%-5% annual target, giving policymakers room to address ongoing challenges amid rising trade tensions with the US and EU. [3]

Sources

  1. BREAKING NEWS: China's GDP grows 4.5% in 3rd qtr, accelerating from 2nd qtr

    Kyodo News Business · · Summary only

  2. China’s Export Boom Fuels Growth Despite Slump at Home

    NY Times · · Summary only

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

    BBC Business · · Full text

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