China's Economy Expands 4.5% in Third Quarter, Surpassing Projections

China's economy grew 4.5% year-on-year in Q3 2026, surpassing market expectations and accelerating from the previous quarter. This expansion was largely driven by robust exports of chips and electronic components, fueled by a global AI boom. However, domestic demand and investment remain sluggish, with the property market continuing to be a drag, despite overall growth aligning with Beijing's annual target.