Chinas economy grows 4.5 percent in Q3, beating forecasts

Image for article Chinas economy grows 4.5 percent in Q3, beating forecasts
News Source : Al Jazeera English

News Summary

  • China's economy has grown faster than expected in the most recent quarter amid booming exports underpinned by artificial intelligence.
  • China’s gross domestic product (GDP) expanded 4.5 percent in the July-September period from the same quarter a year earlier, picking up from 4.3 percent growth in the second quarter.
  • During the first nine months of the year, GDP grew 4.6 percent year-on-year, according to the preliminary figures.
  • But growth has been dampened by weak domestic demand and a sagging property market.
Chinas economy has grown faster than expected in the most recent quarter amid booming exports underpinned by artificial intelligence, according to official figures.

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