China's Q3 GDP Grows 4.5%, Beating Forecasts on Export Surge
China's economy expanded 4.5% year-on-year in Q3, topping expectations as electronics exports and industrial output outpaced consumer spending.
China's economy grew faster than analysts anticipated in the third quarter of 2025, with gross domestic product expanding 4.5% year-on-year between July and September, according to data released Monday by the National Bureau of Statistics of China. The result marked an acceleration from the 4.3% growth recorded in the second quarter and surpassed consensus forecasts from economists.
The headline figure was driven primarily by a surge in exports, with factory output posting notably stronger gains than domestic consumer spending. Electronics demand played a central role in lifting industrial production, reflecting a broader global appetite for technology hardware tied in part to the ongoing artificial intelligence buildout.
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The divergence between robust export performance and comparatively weaker internal consumption points to a structural tension in China's recovery. Analysts have long flagged that sustained growth will require a more balanced contribution from household spending, which has remained subdued despite government stimulus measures aimed at reviving domestic demand.
The third-quarter beat offers Beijing a degree of relief as it navigates trade pressures and geopolitical headwinds, though the economy still faces headwinds including a prolonged property sector slump and cautious consumer sentiment. Whether the export-led momentum can be sustained through the fourth quarter may depend heavily on global demand for Chinese-manufactured technology goods.
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