China’s Tech Exports Support 4.5% Quarterly GDP Growth
Tech exports powered 4.5% quarterly GDP growth, keeping Beijing on track to meet its annual target, while policymakers continue supporting AI, robotics and green energy amid a property slump and weak domestic demand.
Technology exports drove quarterly GDP growth of 4.5%, leaving Beijing on course to meet its annual target. Policymakers appear in no hurry to commit substantial resources to addressing the property slump and weak domestic demand. Ongoing financial backing for AI, robotics and green energy is set to widen the divide.