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.
96 Articles
96 Articles
The Chinese economy grew by 4.6 per cent annually during the first three quarters of the current year, while GDP rose by 4.5 per cent during the third quarter compared with the same period last year, according to official data issued by the National Statistics Authority today, transmitted by the Shinkhwa Agency.
China recorded a 4.5% economic growth rate in the third quarter, signaling a positive outlook for achieving its annual target. Industrial production and retail sales indicators for September also showed slight improvements compared to the previous month. However, the deepening downturn in the real estate market is expected to act as a stumbling block to economic recovery. On the 19th, China's National Bureau of Statistics announced that the Gros…
BEIJING — China's economy grew faster than expected in the third quarter as a surge in exports and strong factory activity offset persistent weakness in domestic demand, easing pressure on policymakers to roll out more forceful stimulus measures. The 4.5% growth rate, released by the National Bureau of Statistics (NBS) on Monday, beat the forecast for 4.4% growth in a Reuters poll, and improved from the more-than-three-year low of 4.3% in the Ap…
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…
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