Konjunktur: Chinas Wirtschaft wächst etwas schneller – Export boomt immer stärker
Das Wachstum liegt leicht über den Erwartungen. Die neuen Zahlen zeigen aber auch die Schwäche im Inland: Der Konsum lahmt, die Immobilienkrise bleibt bestimmend.
China's economy experienced a slight improvement in growth during the summer, but domestic issues remain significant. The country's Gross Domestic Product (GDP) grew by 4.5 percent in the third quarter compared to the same period last year, according to Beijing's statistics office. This growth rate was higher than what economists had anticipated.
In the second quarter, the growth rate stood at 4.3 percent, following a 5.0 percent increase at the start of the year. For the first nine months of the year, the national statistics bureau reported an economy growth of 4.6 percent, keeping China within its set growth target of 4.5 to 5 percent for the entire year. Statistics bureau spokesman Mao Shengyong expressed confidence that China can achieve its yearly goal.
He stated that the conditions for this are favorable. He attributed the slowdown in the second quarter to the development of oil prices due to the situation in the Middle East. For the final quarter, he expects an improvement. The economy's growth is uneven, with foreign trade particularly booming. In the first nine months, exports, measured in US dollars, grew by 21.3 percent compared to the previous year.
September alone saw a growth rate of 36.3 percent. The demand for technology products worldwide, such as semiconductors and electronics for artificial intelligence (AI), is driving this business.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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