China's economy grew 4.5% in the previous quarter, fueled by robust exports

China's economy grew by 4.5% year-over-year in the July-September quarter, driven by robust exports, according to official data released on Monday. The reported growth brings the world's second-largest economy closer to its official annual target as the year approaches its end.

However, analysts maintain divergent perspectives on the country's economic trajectory. While the latest quarterly figures highlight the immediate strength of exports amidst a backdrop of urgency felt by trading partners, economists emphasize the need for a structural shift toward sustainable growth fueled by domestic consumption rather than reliance on construction, property development, and foreign trade. Prior to the official announcement, projections had anticipated that economic growth might miss official targets due to factors such as a global energy shock and a slumping property sector.