China’s growth accelerates as AI export boom outweighs domestic weakness
Originally published by KBC Digital — Read the original article →
China’s economic growth picked up in the three months to the end of September, rebounding from a three-year low as the artificial intelligence (AI) boom helped boost exports.
The world’s second largest economy grew by 4.5% in the third quarter, up from the previous period but below the 5% expansion recorded from January to March, according to official Chinese data.
The latest figure is at the bottom end of Beijing’s annual growth target of 4.5%-5%, which analysts have said gives policymakers room to address the country’s economic challenges.
