China's economic growth picks up as AI boom boosts exports - BBC
China's economic growth reached 4.5% in the third quarter, driven by a surge in high-tech exports and AI-related manufacturing. Despite this, the country continues to face significant challenges from a struggling property sector and weak domestic consumer spending.
Why it matters
As the world's second-largest economy, China's growth trajectory and structural shifts significantly influence global trade and supply chains.
Share Save Add as preferred on Google Osmond Chia Business reporter VCG via Getty Images China's economic growth picked up in the three months to the end of September, rebounding from a three-year low as the artificial intelligence (AI) boom helped boost exports.
The world's second largest economy grew by 4.5% in the third quarter, up from the previous period but below the 5% expansion recorded from January to March, according to official Chinese data.
The latest figure is at the bottom end of Beijing's annual growth target of 4.5%-5%, which analysts have said gives policymakers room to address the country's economic challenges.
While exports have helped offset weak spending at home, global trade tensions and uncertainty over AI investments are clouding its outlook.
China's National Bureau of Statistics said on Monday that the economy "sustained steady development against pressure" and showed "momentum with new growth drivers and improving structure".
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