China’s Exports Drive Growth While Domestic Economy Stalls Ahead of Key Meeting

Despite record exports fueling a $875 billion goods trade surplus, China’s economy is facing headwinds as its domestic engine slows down ahead of a critical party meeting. The third quarter saw growth slow to 4.7%, marking the weakest pace in over a year. Weak retail sales, investment, and industrial output are contributing to this slowdown, with Chinese consumers remaining cautious despite record exports.