China's economic growth picks up as AI boom boosts exports

China's economic growth accelerated in the third quarter, driven by roaring exports and an AI boom. While the headline GDP indicates forward momentum, factory output is significantly outperforming domestic consumer spending, property, and fixed investment. These strong exports have helped offset internal economic weaknesses. However, the overall outlook remains pressured by ongoing trade tensions and doubts surrounding AI. Beijing remains on track to meet its 2026 growth target despite the lagging domestic household expenditure.