China on Monday said its economy grew 4.5% for the July-September quarter from a year ago, moving closer to meeting its official annual growth target as the year nears its end. <\/p>\n
The better-than-expected official data accelerated from the 4.3% year-on-year growth recorded in the April-June period, the slowest expansion in more than three years. <\/p>\n
For the whole year, Chinese leaders have set a growth target of 4.5%-5%, down from last year\u2019s 5% expansion. Earlier this month, the International Monetary Fund trimmed its forecast for China\u2019s 2026 economic growth to 4.5%, just meeting the lower end of Beijing\u2019s goal.<\/p>\n
China\u2019s domestic demand has weakened, weighed on by a yearslong downturn in its property market that has squeezed household wealth and driven up savings. <\/p>\n
The race for artificial intelligence supremacy is raising fresh questions over national security, global power and the risks of moving too fast. (Source: 1News)<\/p>\n
Still, with strong exports being one of the few bright spots, China is on track to surpass last year\u2019s record $1.2 trillion trade surplus globally, after logging a 36% growth in exports last month and already a $938 billion surplus between January and September. <\/p>\n
For many of its trade partners, they fear their domestic industries and economies are facing growing threats from the surge of lower-cost Chinese manufactured imports.<\/p>\n","protected":false},"excerpt":{"rendered":"China on Monday said its economy grew 4.5% for the July-September quarter from a year ago, moving closer…\n","protected":false},"author":2,"featured_media":635016,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2300,138,219,111,139,69],"class_list":["post-635015","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/635015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=635015"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/635015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/635016"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=635015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=635015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=635015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}