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China's GDP growth rises on exports
China's economy grew 4.5% in the third quarter, driven by strong exports of chips and electronics amid a global AI boom, despite weak domestic demand and a prolonged housing downturn. The country continues to face a "two-speed economy," with thriving exports contrasting with sluggish investment and consumption. The IMF downgraded its 2026 growth forecast for China to 4.5%, citing ongoing domestic demand concerns.
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