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China’s third-quarter economic growth quickens to 4.5% as exports surge, beating estimates
Robust shipments of chips and electronics helped offset weak home demand and a prolonged property slump, easing pressure on policymakers to add stimulus.
- China's National Bureau of Statistics reported the economy grew 4.5% in the third quarter ending September, meeting the lower end of Beijing's annual 4.5-5% target.
- Robust exports of chips and electronics components, driven by a global artificial intelligence boom, offset sluggishness at home and supported China's economy despite weak domestic demand.
- A prolonged housing market downturn in its fifth year remains a drag on growth, with an estimated 70% of Chinese household wealth tied up in property.
- Last month, the government unveiled limited stimulus measures including mortgage subsidies for first-time home buyers and targeted rate cuts as Beijing pledged to step up support.
- The IMF downgraded its 2027 growth projection for China to 4% last week, citing persistent weakness in domestic consumption and investment as headwinds.
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China's GDP rebounds to beat expectations
China's economic growth rebounded to 4.5 percent year on year in the third quarter, beating expectations and easing the pressure on policymakers for delivering more aggressive stimulus measures to meet the annual target. The gross domestic product growth rate, released by the National Bureau of Statistics on Monday, beat the forecast for 4.4 percent growth in a poll and was an improvement from the more-than-three-year low of 4.3 percent in the A…
Coverage Details
Total News Sources87
Leaning Left15Leaning Right13Center26Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 28%
C 48%
R 24%
Factuality
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