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China's economy grows 4.5% in third quarter, beating forecasts

Exports and strong tech sales helped lift China's growth past expectations, while domestic demand and property investment lagged. Officials say the recovery remains relatively weak.

By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .

What happened

China's economy expanded 4.5% on an annual basis in the third quarter, ahead of the 4.4% analysts had expected and enough to meet the official target. Booming exports drove the gains, while real estate development investment fell 20.6% and fixed-asset investment fell 7.2% in the first nine months. Officials said the economy has withstood pressure but that its recovery momentum remains weak.

Why it matters

Strong exports are putting China's trading partners under growing international resistance. Analysts expect China could finish 2026 at the lower end of Beijing's 4.5-5% growth target.

Timeline

  1. Oct 19, 7:20 AM ET: China's economy grew 4.5% on an annual basis in the third quarter, beating the 4.4% expected and meeting the official target.
  2. Oct 19, 10:54 PM ET: The statistics bureau said GDP grew 4.6% year-on-year in the first three quarters, reaching 107.11 trillion yuan.

Coverage

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