China said its economy grew 4.5% from a year earlier in the July-September quarter, faster than the 4.3% pace in the previous quarter, driven by robust exports. Domestic demand remained weak, as a years-long property downturn has squeezed household wealth and driven up savings. Exports grew 36% last month, and the trade surplus reached $938 billion from January to September, on track to surpass last year's record $1.2 trillion. The European Union, where the deficit with China exceeds $1.1 billion a day, is pressing Beijing to rebalance trade, as exports to the EU rose 16% in the first nine months of the year. Analysts warn that this export-reliant growth model has created limited job gains, while the yuan is accused of being undervalued.
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Related tickers and likely impact
AUD/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 0.69462 |
| Change that session | +0.35% |
NZD/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 0.56532 |
| Change that session | +0.56% |
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