China's economy experienced a 4.5 percent expansion during the third quarter, slightly exceeding the 4.4 percent growth predicted by market analysts. This figure represents a marginal improvement over the 4.3 percent recorded in the preceding quarter. Despite this performance, the nation remains at the lower threshold of the government's annual growth target of 4.5 to 5.0 percent. Economic momentum continues to face significant headwinds, including a prolonged downturn in the property sector and subdued consumer confidence. While these domestic challenges persist alongside global energy market volatility, the country's export sector has demonstrated resilience, driven in part by advancements in artificial intelligence. Beijing is currently navigating these complex conditions as it strives to meet its lowest annual growth objective in several decades.
Source : Hong Kong Free Press
Photo : Hong Kong Free Press
