← Latest briefing

Business & Finance

China's third-quarter growth reaches 4.5%, though an economist questions the headline figure

Official data show 4.5% year-on-year growth for July-September, against an annual target of 4.5%-5%.

The short version

  • China said its economy grew 4.5% year-on-year in the July-September quarter.[ABC News · Al Jazeera · ABC News]
  • Leaders have set a 4.5%-5% growth target for the whole year, down from last year's 5%.[ABC News · ABC News]
  • The IMF trimmed its 2026 China growth forecast to 4.5% earlier this month.[ABC News · ABC News]
  • Max Zenglein of The Conference Board says the headline figure masks widening disparities, while Eswar Prasad calls reliance on foreign demand unsustainable.[ABC News · ABC News]

Key facts

  • China said its economy grew 4.5% year-on-year in the July-September quarter.[ABC News · Al Jazeera · ABC News]
  • Chinese leaders set a 4.5%-5% growth target for the whole year, down from last year's 5% expansion.[ABC News · ABC News]
  • The International Monetary Fund trimmed its 2026 China growth forecast to 4.5% earlier this month.[ABC News · ABC News]
  • Max Zenglein of The Conference Board said the headline official growth figure is an increasingly poor indicator of broader economic performance.[ABC News · ABC News]
  • Eswar Prasad of Cornell University said it is untenable and unsustainable for China to rely on foreign demand to prop up its own growth.[ABC News · ABC News]
  • Zhiguo He of Stanford University said he expects Beijing is getting 4.5 percent as wanted.[Al Jazeera]

What remains uncertain

  • Quoted passages describe the 4.5%-5% target as an annual goal but do not confirm which year it covers; the IMF forecast cited refers to 2026.[ABC News · ABC News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.