China’s economy grew faster than expected in the third quarter, keeping it broadly on track to meet Beijing’s annual growth target, as robust global demand for the country’s hi-tech exports bolstered economic momentum.
Chinese economy expanded by 4.5% in the third quarter, fueled by robust exports, moving closer to meeting its official annual growth target for the year as its trading partners see...
China backed the IMF’s efforts to monitor fiscal risks in major advanced economies and assess global spillover effects. PBOC Governor Pan Gongsheng highlighted rising debt, financial imbalances and cross-border capital flows, while opposing protectionism.
World’s second-largest economy on track to meet Beijing’s 2026 growth target, though consumer spending lags behind factory output Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
Although the Chinese government imposed a 20 per cent tax on rental income and capital gains derived from overseas properties transferred into offshore trusts by mainland residents, agents said these investors remained a key driver of the Hong Kong property market.
In the July-September quarter, China recorded an economic growth of 4.5%, surpassing analysts' expectations. While exports showed strong performance, internal demand is tempering due to a sluggish property sector.
China’s economic growth bounced off three-year lows in the third quarter, as roaring exports offset consumers’ tight grip on their wallets, though analysts warn the growing reliance on external drivers is deepening structural imbalances.
China’s yuan strengthened to a four-year high against the US dollar following stronger-than-expected third-quarter economic growth and improving retail sales. A weaker dollar and increased corporate currency conversions also supported gains.
The official growth figure from the July-September quarter beat expectations and picked up from 4.3% in April-June, the slowest pace in more than three years.
Signs are emerging that a record 10-week losing streak for China’s benchmark stock index has prompted state-backed funds to step up their presence in the market.