China economy grows four point five percent in third quarter on strong exports

China announced on Monday that its economy grew by 4.5 percent year on year in the July-September quarter. Euronews and CNBC both reported that the growth picked up from 4.3 percent in the April-June quarter and beat market expectations. CNBC reported that foreign demand for technological goods largely offset a property slump and sluggish consumer demand. [1][2][3][4][5][6][7][8][9][10][11]

Chinese leaders set an annual growth target of 4.5 percent to 5 percent for 2026, down from 5 percent expansion last year, Euronews reported. The growth rate moves the country closer to its annual target as trading partners push to narrow their trade deficits with Beijing. Earlier this month, the International Monetary Fund cut its growth forecast for China this year to 4.5 percent. [1]

China is one of the two largest economies in the world by nominal gross domestic product and is the leading exporter of merchandise. Market oriented reforms adopted in 1978 led to decades of rapid industrialization and growth. As FTMQ News reported earlier, the European Union trade commissioner traveled to Beijing this month to negotiate trade rebalancing and curb low cost exports. [13][15]