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China's Q3 growth seen at 4.4%, below target

Original: China's Q3 growth is estimated at 4.4% y/y, below target, even with AI and exports humming. Economists say the tech boom

China's third-quarter growth is estimated at 4.4% year-on-year, falling short of official targets despite strong performance in artificial intelligence and exports. Economists say the technology boom was not enough to offset persistent weakness in the property sector and consumer spending — the same two drags that have limited the impact of successive stimulus measures throughout the year. The figures point to a two-speed economy, with tech and trade strength masking deeper structural problems at home.

Why now: New GDP estimates showing growth below target revive debate over whether China's stimulus has failed to fix property and consumption weakness.

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• China's Q3 growth is estimated at 4.4% y/y, below target, even with AI and exports humming. Economists say the tech boom wasn't enough to offset property and consumer weakness — the same two drags that have capped every stimulus headline this year. 1/2 · stock_duty

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