China's Q3 GDP Growth Hits 4.5%, Closing In on 2026 Target
Updated
Updated · Bloomberg · Oct 19
China's Q3 GDP Growth Hits 4.5%, Closing In on 2026 Target
3 articles · Updated · Bloomberg · Oct 19
Summary
China’s economy expanded 4.5% year on year in the third quarter, up from 4.3% in Q2 and slightly above the 4.4% median economist forecast.
That lifted growth in the first nine months to 4.6%, putting Beijing within reach of its full-year 4.5%-5% target.
The stronger reading improves the odds China can meet that goal without much more policy support, reducing expectations for additional easing measures.
Recent data showed exports—especially tech-related shipments—helping offset weak domestic demand and a prolonged property downturn.