China’s economy grows faster than forecast after AI boom boosts exports
China's economy grew by 4.5% in the third quarter, exceeding expectations due to strong industrial output and export demand. Growth was particularly driven by high-tech manufacturing, including AI-related equipment and electronics.
Why it matters
China's economic performance is a critical indicator for global trade and supply chain stability, especially in the technology sector.
China’s economy has grown by 4.6% in the first nine months of the year./Getty Images China’s economy has grown by 4.6% in the first nine months of the year./Getty Images Chinese economy China’s economy grows faster than forecast after AI boom boosts exports Third-quarter GDP up by 4.5% compared with last year as industrial output is buoyed by electronics demand
Prefer the Guardian on Google Roaring exports lifted China’s economic growth in the third quarter of this year, with factory output growing much faster than consumer spending.
China’s GDP grew by 4.5% year-on-year between July and September, the National Bureau of Statistics of China reported on Monday. The figures were better than economists had expected and up from the second quarter’s growth rate of 4.3%.
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