Economy: China's economy growing slightly faster - problems remain
China's economy is growing somewhat stronger than expected. However, the new figures also show how unevenly the country is developing.
China's economy grew 4.5% in the third quarter, slightly stronger than expected, with the January-September growth at 4.6%, within the government's target of 4.5-5% for the year. The National Bureau of Statistics reported that exports surged 21.3% in the first nine months, with a trade surplus of $938 billion. However, the domestic economy faces challenges, including a weak property sector, with investments in real estate development down 20.6% in the first nine months. The government is trying to boost domestic demand with measures such as subsidies for homebuyers.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Economy: China's economy growing slightly faster - problems remain handelsblatt.com
