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China's annualized GDP growth fell to 4.3% in the second quarter of 2026, missing official targets as a prolonged property slump and cautious consumer spending outweighed a boom in high-tech manufacturing.
China's economy expanded at a faster-than-expected 4.5% annual pace in the third quarter, driven by a massive surge in technology exports.
The People's Bank of China maintained its one-year and five-year loan prime rates on Tuesday, opting against immediate monetary easing after third-quarter economic growth accelerated to 4.5 percent.