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 by 4.5% in the third quarter, slightly stronger than expected, with the first nine months of the year showing a 4.6% growth, within the government's target of 4.5-5% for the year. The economy is still uneven, with exports booming, up 21.3% in the first nine months, and 36.3% in September alone, driven by demand for tech products.
However, the domestic situation remains challenging, with weak consumption, declining investments, and a severe property crisis, with property development investments down 20.6% in the first nine months. The government is trying to boost domestic demand with measures such as state subsidies for homebuyers, while the IMF has slightly lowered its growth expectations for China to 4.5% this year and 4.0% for 2027.
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.
This story
This is one outlet's version. Read the fullest account.
- Economy: China's economy growing slightly faster - problems remain handelsblatt.com
