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

China’s economic growth accelerated in the third quarter, with GDP rising by 4.5% year-on-year, outpacing expectations and marking an improvement from the previous quarter’s 4.3% expansion. The surge was driven primarily by a strong rebound in industrial output, particularly in electronics manufacturing, as exports surged. Factory activity grew at a faster pace than domestic consumer spending, signaling robust external demand. Analysts had forecast slower growth, making the latest figures a notable positive for the world’s second-largest economy.

Third-quarter GDP up by 4.5% compared with last year as industrial output is buoyed by electronics demandBusiness live – latest updatesRoaring exports lifted China’s economic growth in the third quarter of this year, with factory output growing much faster than 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%. Continue reading...