China’s economy grows faster than forecast after AI boom boosts exports

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Source: The Guardian Business · NewTimes editorial text based on the source feed.

Third-quarter GDP up by 4.5% compared with last year as industrial output is buoyed up by electronics demand Business live – latest updates Roaring exports lifted China’s economic growth in the third quarter of this year, with factory output growing much faster than lacklustre consumer spending.

China’s GDP grew by 4.5% year-on-year between July and September, the National Bureau of Statistics of China reported on Monday.

The figures were better than economists had expected and up from the second quarter’s growth rate of 4.3%.