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Chinas economy grows faster

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The economy in China grows faster again. In the 3rd quarter it grows by 4,5 percent. This is more than experts think. China sells many goods to other lands. Technology for smart computers is very popular. This is an export boom.

China has big worries at home. People buy less things now. This is also due to a real estate crisis. Many flats lose value. People spend less money now. Building firms get less orders too.

The government in Peking wants to help. It gives money for interest aid. This makes buying flats cheaper. The International Monetary Fund still has worries. It thinks that growth drops in the year 2027.

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Definitions

Quarter
A quarter is a time of 3 months in a year.
Export
Export means that goods are sold to other lands.
International Monetary Fund
This group cares for money safety in the whole world.

Locations

Peking
Peking is the main city of China.
China
China is a very big land in Asia with many people.

Sources

Logo ORF
ORF

Chinas Wirtschaft wächst stärker als erwartet

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Südtirol News

Chinas Wirtschaft wächst etwas schneller

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Logo 20 Min
20 Min

Chinas Wirtschaft wächst im dritten Quartal um 4,5 % – stärker als erwartet

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