China Sees Economic Growth Amid Accelerated AI Exports

China’s economy saw a surge in the third quarter, exceeding forecasters’ expectations. Accelerated by a boom in artificial intelligence (AI) exports, GDP grew at a rate of 4.5% in the period from July to September, surpassing the second quarter’s 4.3% growth. By achieving a total growth of 4.6% in the first nine months of this year, China is on track to meet the government’s growth target of 4.5%-5% by 2026 without additional stimulus measures. This growth was driven by a remarkable increase in industrial production by 5.5% in September, up from 5.2% in August. Conversely, retail sales grew at a…