China Q3 GDP Growth Beats Expectations at 4.5 Percent
Chinas economic growth rebounded to 4.5 percent year-on-year in the third quarter, beating forecasts and easing pressure for aggressive stimulus measures. The stronger data was driven by industrial output, though domestic demand remains weak.
Xurve View
Insights:
Xurve View
China posted a 4.5% year-on-year GDP growth rate in the third quarter, beating market expectations. The result improved from 4.3% in the April-to-June period and eased immediate pressure for aggressive monetary easing. Investors are tracking whether external demand can sustain economic momentum amid weak domestic consumption.
