China's growth outpaces expectations but recovery momentum stays fragile
China posted stronger-than-expected third-quarter growth, driven by robust exports, yet officials say the recovery remains weak.
The latest third-quarter data showed China’s economy expanding faster than analysts predicted, thanks to a surge in overseas sales. Zuo Gang of the National Development and Reform Commission warned that domestic demand is still sluggish and external shocks are deepening. He highlighted a mismatch between ample supply and weak internal consumption, as well as uneven performance across sectors. The NDRC is preparing a plan to boost domestic demand through 2026-2030.
Why it matters
China’s economic health influences global markets and trade, making its recovery pace critical for worldwide growth.
In this story
China economythird-quarter growthexportsdomestic demandNDRC planweak recoveryindustry divergenceexternal shocks
