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

Factories are booming and shoppers aren't. A country that makes the gadgets faster than its own people will buy them has an export story, not a prosperity one.

Third-quarter GDP up by 4.5% compared with last year as industrial output is buoyed by electronics demand Business live – latest updates Roaring 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...

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