economy2 hours ago
China Q3 Growth Hits 4.5% as AI Exports Offset Property Slump
China’s third-quarter GDP growth accelerated to 4.5%, rebounding from a three-year low of 4.3% in the previous quarter. This expansion, which beat economist forecasts of 4.4%, was driven by a surge in artificial intelligence and high-tech exports. However, domestic weakness persists, with property investment falling over 20% in the first nine months and retail sales growing only 1.1% in September. The trade surplus is on track to exceed the previous year’s record of $1.2 trillion, though global trade tensions and cooling AI investment sentiment pose risks to future growth.