China’s economic growth picks up in Q3, beating expectations
The 4.5% year-on-year rebound eased pressure on policymakers to deliver more aggressive stimulus measures to meet the annual target.
China's economic growth rebounded to 4.5% year-on-year in the third quarter, surpassing expectations and easing pressure on policymakers to implement more aggressive stimulus measures to meet the annual target. The National Bureau of Statistics reported that China's GDP grew 4.6% for the period from January to September, within the government's annual growth target of 4.5%-5.0%.
The strong performance in exports, driven by a global AI-fuelled tech boom, has helped China reach its growth target, despite weak consumption and private investment.
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- China’s economic growth picks up in Q3, beating expectations freemalaysiatoday.com
