ChinaOfficial data; underlying weaknesses remain
China's growth accelerates to 4.5% as exports offset weak consumers
China's economy grew 4.5% from a year earlier in the third quarter, beating expectations as exports stayed strong. Associated Press and Reuters both reported that household demand and property remain weak, so the headline improvement does not mean China's internal slowdown is over. The new development is Monday's official third-quarter release.
Why Americans should know: China is a major buyer, supplier and competitor for the United States. Uneven growth can influence U.S. inflation, trade pressure, company earnings and demand for commodities around the world.
Sources Reuters · Associated Press