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China's Economy Grows 4.6% in Third Quarter as Overseas Tech Demand Counters Weakness

CNBC identified overseas purchases of Chinese technology products as support amid a worsening property downturn and sluggish consumer demand.

Updated 1 min read
Workers inspect circuit boards on an electronics production line in Shenzhen, China. (AI-generated image / EconoTimes)
Workers inspect circuit boards on an electronics production line in Shenzhen, China. (AI-generated image / EconoTimes)

China’s economy grew 4.6% year over year in the third quarter, with overseas purchases of its technology products helping counter pressure from property and sluggish consumer demand, CNBC reported.

The outlet described the growth rate as an acceleration and the property downturn as deepening. CNBC published its report Oct. 18.

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