China’s third-quarter economic growth quickens to 4.5% as exports surge, beating estimates
Robust chip and electronics exports helped offset a prolonged property slump and weak consumer demand, 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.
241 Articles
241 Articles
China’s Thriving New Energy Exports
This is Heatmap Daily, a weekday evening digest written by our executive editor.Happy Monday and welcome back. For months now, we’ve been talking about how the U.S. and Israel’s war in Iran has been a boon for electric vehicles, clean energy, and (unfortunately) coal. But today we got data that confirms: This clean energy export boom is not just a side story. It is one of the brighter spots in the overall Chinese economy, which remains the world…
Ways China’s Latest GDP Claim Is . . . Odd
The National Bureau of Statistics today announced China’s real GDP growth at 4.5 percent for the third quarter and 4.6 percent for the first three quarters, both year-over-year changes. We don’t have enough information to check the third-quarter figure in isolation, but we have nearly enough information to check the first three quarters as a whole. And that growth figure is unlikely to be accurate. My usual check on GDP is narrow money M1, a de…
China recorded an economic growth of 4.5 per cent in the third quarter compared to last year. This is a little more than economists expected and a slight increase compared to the previous quarter. However, Beijing's forecast was at the bottom of the range in 2026, while its forecast was already the lowest in decades. The world's second economy is suffering the global energy shock and still fails to boost domestic consumption.
China's economy grew 4.5 percent year-on-year in the third quarter, up from 4.3 percent in the previous quarter and better than analysts had expected, according to data released by the National Bureau of Statistics. Exports, which are benefiting from global demand for technologies related to the development of artificial intelligence, contributed significantly to the growth.
China's economic growth recovered from the lowest levels of the last three years in the third quarter, as high exports compensated for consumer caution, although analysts warn that increasing factor dependence
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