China's economy grew 4.5% in Q3, rebounding from a three-year low, driven by AI-related exports, though weak domestic demand and trade tensions persist.
01Summary
- 01China's GDP expanded 4.5% in the third quarter, up from 4.3% in the previous quarter but below the 5% growth in Q1.
- 02The figure is at the lower end of Beijing's annual target of 4.5%-5%.
- 03Exports, particularly of computer chips for AI data centres, have helped offset weak consumer spending at home.
- 04China's trade surplus is on track to exceed last year's record $1.2tn (£900bn).
- 05Beijing faces backlash from Western economies over cheap Chinese goods, and concerns over AI investment returns.
02Why it matters
This matters because China's growth influences global trade and markets, and its reliance on exports amid domestic weakness raises risks from trade disputes and AI investment doubts.
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