China's Economy Grows 4.5% in Q3, Beating Forecasts

China’s economy grew 4.5% year-on-year in the third quarter, beating economists’ forecasts of 4.4%, official data released on Monday showed. The stronger reading reduces the immediate pressure on Beijing to roll out emergency stimulus measures, giving policymakers breathing room as the economy works through a property downturn and soft consumer demand.

The figures landed just days after Washington and Beijing reached a “substantial framework” in Kuala Lumpur to avert a 100% tariff war, with China’s rare-earth export controls deferred and American soybean purchases set to resume. Analysts say resilient growth combined with easing trade friction could help steady regional markets as the week begins. All eyes now turn to the Trump–Xi meeting scheduled for October 30, where both sides hope to lock in the truce.

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