AssetID: 56093863
Headline: UNCAPTIONED: China's Growth Accelerates As AI Boom Boosts Exports
Caption: China's Growth Accelerates As AI Boom Boosts Exports. China’s economic growth accelerated in the three months to the end of September, as an artificial intelligence boom helped boost exports. Official figures showed the world's second-largest economy grew by 4.5% in the third quarter, rebounding from a three-year low. The figure is at the bottom of Beijing's annual growth target of between 4.5% and 5%. Exports have helped offset weak domestic spending, with China's trade surplus on track to surpass last year's record $1.2 trillion. Sales of high-tech goods rose by more than 14%, while production of batteries and industrial robots increased by more than 29%. However, global trade tensions and uncertainty surrounding AI investment continue to cloud the outlook. Analysts said manufacturing and high-tech exports were supporting growth despite continued weakness in domestic spending and investment. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,China,Growth,accelerates,AI Boom,exports,three months,artificial intelligence,helped boost,second-largest economy,grew,rebounding,Beijing,annual growth,politics,stock exchange,robots
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