Economy: China's economy is growing again somewhat faster
China's economy is growing slightly more strongly than expected. However, a large gap remains between the strong export business and weak domestic demand.
China's economy grew 4.5% in the third quarter, slightly exceeding expectations. The growth rate was higher than the 4.3% recorded in the second quarter, but still lower than the 5.0% in the first quarter. The government aims for a 4.5-5% growth rate for the whole year. China's exports surged 21.3% in the first nine months, resulting in a trade surplus of around $938 billion. The country's ongoing property crisis is weighing on the economy, with falling housing prices and reduced investment in the sector.
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
