China Q3 GDP growth accelerates to 4.5%, beating forecasts signals stronger economic momentum.
Context
What happened: China's third-quarter GDP grew 4.5 per cent from a year earlier, beating the 4.4 per cent median forecast, according to National Bureau of Statistics data released on Oct 19.
Key numbers: Q3 GDP 4.5 per cent versus 4.3 per cent in Q2. First nine months 4.6 per cent, within the 4.5 to 5 per cent annual goal. September industrial production 5.5 per cent.
Why it matters: The beat boosts the odds of hitting Beijing's annual target and dims prospects for additional easing, though ANZ's Xing Zhaopeng said the recovery remains unsolid and sees downside risk to 2027.
Coverage: 7 outlets in 24h