{"id":2206873,"date":"2026-10-19T04:11:21","date_gmt":"2026-10-19T01:11:21","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2206873"},"modified":"2026-10-19T04:11:21","modified_gmt":"2026-10-19T01:11:21","slug":"chinas-economy-grows-4-5-on-robust-exports-as-domestic-weakness-persists","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2206873","title":{"rendered":"China\u2019s economy grows 4.5% on robust exports as domestic weakness persists"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/95\/75\/38\/1200x675_cmsv2_59e91701-4f46-5a26-af1d-e92cc6adb7b0-9957538.jpg&#8221;]<\/p>\n<article id=\"abe-2934988-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2934988\" data-cid=\"9958882\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934988-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/88\/82\/189x106_cmsv2_0906a641-6781-574f-8681-9c183c927404-9958882.jpg\" loading=\"lazy\" alt=\"Netherland&apos;s Prime Minister Rob Jetten arrives for the EU summit at the European Council building in Brussels, Friday, Oct. 16, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Dutch PM Rob Jetten and partner expecting child via surrogate mother\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2934911-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2934911\" data-cid=\"9958365\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934911-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/83\/65\/189x106_cmsv2_1caf04c3-49e6-50f2-95df-bca5c0065ba6-9958365.jpg\" loading=\"lazy\" alt=\"Sheikh Saoud bin Abdulrahman Al Thani, right, takes part in a discussion at the Global Security Forum in Doha, 19 October 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Qatar<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Qatar plans new defence partnership and warns of energy crisis &#8216;peak&#8217;\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2934960-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2934960\" data-cid=\"9958563\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934960-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/85\/63\/189x106_cmsv2_47757e15-9e3d-5b9f-9445-e0076d9f21f6-9958563.jpg\" loading=\"lazy\" alt=\"Iratxe Garc\u00eda P\u00e9rez (first from left), Manfred Weber (third from left) and Val\u00e9rie Hayer (right) during a Parliament&apos;s plenary session\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Parliament&#8217;s centrist leaders set to stay as political tensions deepen\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2934971-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2934971\" data-cid=\"9958635\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934971-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/86\/35\/189x106_cmsv2_3a92bcb0-250b-5a97-8c5b-1b57c091c136-9958635.jpg\" loading=\"lazy\" alt=\"A woman walks past a vandalized bar the day after a demonstration against rising living costs, joining students&apos; grievances, in Paris, Sunday, Oct. 18, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    France galvanised by shopkeepers who fought back against rioters\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Business<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            China\u2019s economy grows 4.5% on robust exports as domestic weakness persists<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\">\n<div class=\"js-playercontrols u-height-full u-position-absolute u-width-full is-autoplaying\" data-translations=\"{&quot;error&quot;:&quot;This video could not be played.&quot;,&quot;geoblocked&quot;:&quot;Sorry, this content is not available in your country&quot;,&quot;slow&quot;:&quot;This is taking longer than usual&quot;}\">\n<div class=\"js-loadtrigger js-loadtrigger__button c-loadtrigger__button\" role=\"status\"><span class=\"js-loadtrigger__label c-loadtrigger__label u-visually-hidden\">Loading the video<\/span><\/div>\n<\/div>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/75\/38\/1536x864_cmsv2_59e91701-4f46-5a26-af1d-e92cc6adb7b0-9957538.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"Containers are loaded and unloaded in trucks at terminal in Qingdao in eastern China&apos;s Shandong province on Aug. 28, 2026. (Chinatopix via AP)\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              Containers are loaded and unloaded in trucks at terminal in Qingdao in eastern China&#8217;s Shandong province on Aug. 28, 2026. (Chinatopix via AP)<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspJeremiah Fisayo-Bambi\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1792383081\">\n                    Published on                 <time datetime=\"2026-10-19 06:11:21 +02:00\">19\/10\/2026 &#8211; 6:11 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"06:50\">6:50<\/time><\/div>\n<\/div>\n<div 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height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<div class=\"c-article-share-comment-popup__content__embed_container u-display-none\"><span class=\"c-article-share-comment-popup__content__embed__tooltip\"><br \/>\n                            Copy\/paste the article video embed link below:<br \/>\n                        <\/span><span class=\"c-article-share-comment-popup__content__embed u-display-flex\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-copy-to-clipboard.svg\" width=\"16\" height=\"16\" alt=\"Copy to clipboard\" class=\"u-cursor-pointer js-c-article-share-comment-copy\" loading=\"lazy\"><span class=\"c-article-share-comment-popup__content__embed--success-copied u-display-none js-c-article-share-comment-video-embed-success-link-copied\"><br \/>\n                                Copied<br \/>\n                            <\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        The official growth figure from the July-September quarter beat expectations and picked up from 4.3% in April-June, the slowest pace in more than three years.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>China said Monday its economy expanded 4.5% in the July-September quarter from a year earlier, driven by strong exports, a record that moves the country closer to its annual growth target just as trading partners press harder to narrow their deficits with Beijing.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The official figure beat expectations and picked up from 4.3% in April-June, the slowest pace in more than three years.<\/p>\n<p>Chinese leaders have set a 2026 target of 4.5%-5%, down from last year\u2019s 5% expansion. Earlier this month, the International Monetary Fund (IMF) cut its forecast for China\u2019s growth this year to 4.5%, the bottom of Beijing\u2019s range.<\/p>\n<h2><strong>Exports lift growth, but domestic demand stays weak<\/strong><\/h2>\n<p>Exports remain one of the few bright spots. After a 36% jump in exports last month and a $938 billion surplus for January-September, China is on course to top last year\u2019s record $1.2 trillion trade surplus.<\/p>\n<p>Higher US tariffs have dented bilateral trade, pushing Chinese exporters toward Southeast Asia, Latin America and Europe. High-tech goods, including semiconductors and hybrid and electric vehicles, are leading the growth.<\/p>\n<p>In pursuing self-sufficiency to guard against Western export controls, China has built vast, heavily subsidised manufacturing capacity in sectors such as solar and EVs. But there have also been issues.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6665\">\n<div class=\"widget__wrapper\">\n<div class=\"widget__ratio widget__ratio--auto\">\n<div class=\"widget__contents\">\n<figure class=\"widget__figure\"><img decoding=\"async\" class=\"widgetImage__image\" loading=\"lazy\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/75\/38\/808x539_cmsv2_23824b90-620a-5c40-a16d-6e603e33f55f-9957538.jpg\" alt=\"A tugboat pushes a container ship to a port in Yantai, eastern China&apos;s Shandong province on Oct. 14, 2026. (Chinatopix via AP)\"><figcaption class=\"widget__caption\"><span class=\"widget__captionWrap\"><span class=\"widget__captionText\">A tugboat pushes a container ship to a port in Yantai, eastern China&#8217;s Shandong province on Oct. 14, 2026. (Chinatopix via AP)<\/span><span class=\"widget__captionCredit\">AP Photo<\/span><\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Output expanded quickly while consumption lagged, so much of it is sold abroad at competitive prices. Ecaterina Bigos, senior market strategist at BNP Paribas Asset Management, said this tech-driven, export-reliant model has produced limited job creation and income gains, while the risk of AI-driven job losses is growing.<\/p>\n<p>As such, the headline official growth figure is becoming \u201can increasingly poor indicator of how the broader economy is performing,\u201d according to Max Zenglein, Asia Pacific senior economist at The Conference Board. <\/p>\n<p>Zenglein believes, despite the impressive number, it hides \u201cwidening disparities across industries, regions, and households&#8221;, and that managing domestic imbalances may prove harder for Beijing than handling outside pressures.<\/p>\n<p>Domestic demand has softened, weighed down by a years-long property slump that has eroded household wealth and pushed up savings.<\/p>\n<h2><strong>EU presses China to rebalance trade<\/strong><\/h2>\n<p>China shipped about 919,000 passenger vehicles overseas in September, driven by strong foreign demand for plug-in hybrids and all-electric models, according to data from the China Association of Automobile Manufacturers.<\/p>\n<p>For the first nine months of 2026, exports topped 7.1 million passenger cars, a jump of more than 70% from the same period a year earlier.<\/p>\n<p>However, fear that cheaper Chinese imports threaten their own domestic industries and trade balance continues to remain among Beijing&#8217;s partners. <\/p>\n<p>The 27-nation European Union bloc runs a deficit with China of more than $1.1 billion (\u20ac981.2 million) a day, and Chinese exports to the EU rose 16% in the first nine months of the year. <\/p>\n<p>Some member states want further curbs, even after an agreement this month to roughly halve Chinese hybrid vehicle imports over the next few years.<\/p>\n<p>That agreement saw the EU cap Chinese hybrid vehicle imports at 350,000 a year. <\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\" id=\"abe-article-related-1\">\n<li class=\"c-widget-related__item\">EU leaders enter crunch talks on energy, China and the budget<\/li>\n<li class=\"c-widget-related__item\">Europeans \u2018far more united\u2019 on tougher China trade stance after German shift, Barkin says<\/li>\n<\/ul>\n<\/div>\n<p>Analysts say China, however, can keep working with other countries on disputes while protecting its market access. <\/p>\n<p>The hybrid deal, for instance, may let it keep selling more in the longer run while avoiding a broad tariff hike. Still, Lynn Song, chief economist for Greater China at ING, said trade imbalances \u201cwill be difficult to resolve quickly.\u201d<\/p>\n<p>Policymakers also argue that an undervalued yuan against the dollar and euro has fed the surplus, a claim China\u2019s central bank has rejected. <\/p>\n<p>Beijing has said it does not seek a large trade surplus. Last Friday, central bank governor Pan Gongsheng said deficit and surplus countries should cooperate and that China is committed to expanding domestic demand.<\/p>\n<\/div>\n<footer class=\"perf-cv-auto c-article-contributors c-article-contributors-supplementary u-margin-top-2 u-padding-top-2\">\n<p>Additional sources<strong> \u2022 AP<\/strong><\/p>\n<\/footer>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto 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class=\"c-vuukle-skeleton__header\"><span class=\"c-vuukle-skeleton__title\">Comments<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div 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src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/88\/36\/320x180_cmsv2_efc78933-8bce-5f22-ab25-1402c374231d-9958836.jpg\" loading=\"lazy\" alt=\"FILE - Elon Musk listens as President Donald Trump speaks during an event at the U.S. Institute of Peace, 8 Oct. 2026, in Washington.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Musk pledges SpaceX shares worth more than $10bn to US children<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2934691-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2934691\" data-cid=\"9957298\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934691-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/72\/98\/320x180_cmsv2_bfc640ae-7c83-5da8-b291-a4b710ecbc4a-9957298.jpg\" loading=\"lazy\" alt=\"Protesters gather during a demonstration against rising living costs, joining students&apos; grievances, in Paris, Saturday, Oct. 17, 2026. (AP Photo\/Thibault Camus)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Europe erupts: The mounting economic pressures behind the protests<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2934847-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2934847\" data-cid=\"9958059\" data-part-label=\"Partner content\">\n<figure id=\"abe-2934847-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/80\/59\/320x180_cmsv2_9c88f082-25ea-5054-aadb-14d7015acc95-9958059.jpg\" loading=\"lazy\" alt=\"File - Shoppers walk by a giant chair and a handbag on display at a luxury outdoor shopping mall decorated with flower shaped fans in Beijing, Thursday, 3 Sept. 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Can European luxury brands still count on China for growth?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2933341-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2933341\" data-cid=\"9955064\" data-part-label=\"Partner content\">\n<figure id=\"abe-2933341-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/95\/06\/52\/320x180_cmsv2_56bcde7c-4e2b-5318-a779-45e7a7eedb7f-9950652.jpg\" loading=\"lazy\" alt=\"Pensioners stage a protest in a photo taken on Wednesday 26 September 2018 in Madrid, Spain.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spain\u2019s pension bill is growing: Who will pay as election looms?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2934691-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2934691\" data-cid=\"9957298\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Europe erupts: The mounting economic pressures behind the protests<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-795514-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"795514\" data-cid=\"3983694\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which European countries are the most expensive?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2718278-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2718278\" data-cid=\"8947076\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Chinese EV giant BYD beats domestic players to hit record 2024 sales<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2933341-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2933341\" data-cid=\"9955064\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spain\u2019s pension bill is growing: Who will pay as election looms?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2933978-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2933978\" data-cid=\"9953828\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Central Asia\u2019s $5bn \u2018Gas Ring\u2019 plan aims to boost energy security<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">China said Monday its economy expanded 4.5% in the July-September quarter from a year earlier, driven by strong exports, a record that moves the country closer to its annual growth target just as trading partners press harder to narrow their deficits with Beijing.The official figure beat expectations and picked up from 4.3% in April-June, the slowest pace in more than three years.Chinese leaders have set a 2026 target of 4.5%-5%, down from last year\u2019s 5% expansion. Earlier this month, the International Monetary Fund (IMF) cut its forecast for China\u2019s growth this year to 4.5%, the bottom of Beijing\u2019s range.Exports lift growth, but domestic demand stays weakExports remain one of the few bright spots. After a 36% jump in exports last month and a $938 billion surplus for January-September, China is on course to top last year\u2019s record $1.2 trillion trade surplus.Higher US tariffs have dented bilateral trade, pushing Chinese exporters toward Southeast Asia, Latin America and Europe. High-tech goods, including semiconductors and hybrid and electric vehicles, are leading the growth.In pursuing self-sufficiency to guard against Western export controls, China has built vast, heavily subsidised manufacturing capacity in sectors such as solar and EVs. But there have also been issues.Output expanded quickly while consumption lagged, so much of it is sold abroad at competitive prices. Ecaterina Bigos, senior market strategist at BNP Paribas Asset Management, said this tech-driven, export-reliant model has produced limited job creation and income gains, while the risk of AI-driven job losses is growing.As such, the headline official growth figure is becoming \u201can increasingly poor indicator of how the broader economy is performing,\u201d according to Max Zenglein, Asia Pacific senior economist at The Conference Board.Zenglein believes, despite the impressive number, it hides \u201cwidening disparities across industries, regions, and households&#8221;, and that managing domestic imbalances may prove harder for Beijing than handling outside pressures.Domestic demand has softened, weighed down by a years-long property slump that has eroded household wealth and pushed up savings.EU presses China to rebalance tradeChina shipped about 919,000 passenger vehicles overseas in September, driven by strong foreign demand for plug-in hybrids and all-electric models, according to data from the China Association of Automobile Manufacturers.For the first nine months of 2026, exports topped 7.1 million passenger cars, a jump of more than 70% from the same period a year earlier.However, fear that cheaper Chinese imports threaten their own domestic industries and trade balance continues to remain among Beijing&#8217;s partners.The 27-nation European Union bloc runs a deficit with China of more than $1.1 billion (\u20ac981.2 million) a day, and Chinese exports to the EU rose 16% in the first nine months of the year.Some member states want further curbs, even after an agreement this month to roughly halve Chinese hybrid vehicle imports over the next few years.That agreement saw the EU cap Chinese hybrid vehicle imports at 350,000 a year.Analysts say China, however, can keep working with other countries on disputes while protecting its market access.The hybrid deal, for instance, may let it keep selling more in the longer run while avoiding a broad tariff hike. Still, Lynn Song, chief economist for Greater China at ING, said trade imbalances \u201cwill be difficult to resolve quickly.\u201dPolicymakers also argue that an undervalued yuan against the dollar and euro has fed the surplus, a claim China\u2019s central bank has rejected.Beijing has said it does not seek a large trade surplus. Last Friday, central bank governor Pan Gongsheng said deficit and surplus countries should cooperate and that China is committed to expanding domestic demand.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/2026\/10\/19\/chinas-economy-grows-45-on-robust-exports-as-domestic-weakness-persists&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/95\/75\/38\/1200x675_cmsv2_59e91701-4f46-5a26-af1d-e92cc6adb7b0-9957538.jpg&#8221;] Europe News Dutch PM Rob Jetten and partner expecting child via surrogate mother Qatar Qatar plans new defence partnership and warns of energy crisis &#8216;peak&#8217; Europe News Parliament&#8217;s centrist leaders set to stay as political tensions deepen Europe News France galvanised by shopkeepers who fought back against rioters Business Business China\u2019s economy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2206873","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2206873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2206873"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2206873\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2206873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2206873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2206873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}