China's economy grew 4.5% in the July-September quarter on robust exports as domestic weakness persists
Summary
China says its economy grew 4.5% in the July-September quarter from a year ago, moving closer to meeting its official annual growth target as the year nears its end, The Philadelphia Inquirer and ABC News reported on Monday 19 October. The growth was better than forecasts, according to The Philadelphia Inquirer, and both outlets wrote that the economy accelerated on robust exports as domestic weakness persists. According to Fortune, the export boom risks being 'a drag on world growth', and Cornell's Eswar Prasad said it is 'untenable and unsustainable' for China to rely on foreign demand.
Latest: China said its economy grew 4.5% in the July-September quarter from a year ago, better than forecasts according to The Philadelphia Inquirer, accelerating on robust exports as domestic weakness persists, while Fortune wrote that the export boom risks being 'a drag on world growth'.
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How it unfolded
Monday 19 October
China said its economy grew 4.5% in the July-September quarter from a year ago, better than forecasts according to The Philadelphia Inquirer, accelerating on robust exports as domestic weakness persists, while Fortune wrote that the export boom risks being 'a drag on world growth'.
Sunday 18 October
- 23:37ABC NewsChina's economy accelerates on robust exports as domestic weakness persists
- 22:54The Philadelphia InquirerChina's economy accelerates on robust exports as domestic weakness persists
- 22:14The Philadelphia InquirerChina's economy grew 4.5% in the previous quarter, better than forecasts