Chinese economy rebounds with 4.5% Q3 growth
China's economy experienced a rebound in the third quarter, recording a year-on-year growth of 4.5%, surpassing the expected 4.4%. This is higher than the lowest level recorded in over three years (4.3%). The growth was driven by an increase in industrial production, which rose by 5.5%, and retail sales, which saw a 1.1% increase. Meanwhile, investment declined by 7.2% during the first nine months of the year. Despite the strong performance of exports, the Chinese government has expanded support for buyers and directed credit toward sectors such as infrastructure and technology, without resorting to broad stimulus packages to promote sustainable growth.
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