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Chinese economy expands 4.5 percent
Chinese economy grew by 4.5% during the third quarter of the year, surpassing the expected 4.4%, thanks to strong exports and the booming global demand for artificial intelligence technologies. This marks an acceleration compared to the previous quarter, which recorded 4.3%. This growth comes amid solid industrial performance and rising exports of microcomponents, data center materials, and semiconductors, despite ongoing stagnation in the real estate sector and weak local consumer spending. Analysts predict that this structural slowdown will prompt the government to take additional stimulus measures through interest rate cuts and new financial packages to ensure sustainable growth.
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