Roaring exports lifted China’s economic growth in the third quarter of this year, with factory output growing much faster than consumer spending.♪

（暂无翻译）

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%.♪

（暂无翻译） （暂无翻译）

China’s economy has now grown by 4.6% in the first nine months of the year, putting it on track to hit the government’s 2026 target of 4.5%-5% growth without extra stimulus measures.♪

（暂无翻译）

Industrial production rose 5.5% in September, up from 5.2% in August, while retail sales only increased 1.1%, up from 0.4%.♪

（暂无翻译）

Duncan Wrigley, the chief China economist at Pantheon Macroeconomics, said Beijing’s policymakers were likely to conclude that their efforts to stabilise headline growth in the third quarter were successful.♪

（暂无翻译）

“Headline industrial production rose in September partly as coalmines resumed operations after safety inspections prompted by a major accident.♪ Manufacturing output growth remained robust at 6.0% year on year in September, buoyed up by stronger export demand for electronics, AI-related equipment and autos,” Wrigley said.♪

（暂无翻译） （暂无翻译）

“Hi-tech manufacturing output continues to outperform traditional sectors, as China climbs the value-added ladder,” Wrigley added.♪

（暂无翻译）

However, fixed-asset investment fell 7.2% over the first nine months, property investment tumbled by 20.6%, and infrastructure spending remained weak.♪

（暂无翻译）

Data last week showed that China’s exports surged by more than a third in September, lifted by a rise in shipments of electronics related to AI.♪

（暂无翻译）

“This pickup in GDP growth mainly reflects ongoing export strength on the global AI/tech boom, more than offsetting drags from the Iran conflict and ongoing weakness in domestic demand,” said analysts at ABN Amro.♪

（暂无翻译）