On the 19th, the National Bureau of Statistics released China's economic “report card” for the third quarter. China News Agency Guoshi Express held the “Economic Situation Analysis Meeting for the Third Quarter of 2026” on the same day. Wu Ge, chief economist at Changjiang Securities, pointed out at the conference that China's GDP grew 4.6% year on year in the first three quarters. Among the “troika” driving GDP growth, the contribution of exports was the most prominent. Looking ahead to the next one to two years, he pointed out that although there is geopolitical uncertainty in the global macro environment, it is still beneficial to China's manufacturing exports as a whole, especially the export of products related to artificial intelligence. Since this year, AI and AI-related products have given an important impetus to China's exports. Looking at the longer cycle, the global manufacturing cycle is not over yet. On the one hand, AI is driving growth in computing power and infrastructure investment; on the other hand, countries are still restructuring their industrial chains, spending in related fields is rising, and all are expected to continue to support external demand. Overall, the external environment favorable to China's manufacturing exports has not changed.

On the 19th, the National Bureau of Statistics released China's economic “report card” for the third quarter. China News Agency Guoshi Express held the “Economic Situation Analysis Meeting for the Third Quarter of 2026” on the same day. Wu Ge, chief economist at Changjiang Securities, pointed out at the conference that China's GDP grew 4.6% year on year in the first three quarters. Among the “troika” driving GDP growth, the contribution of exports was the most prominent. Looking ahead to the next one to two years, he pointed out that although there is geopolitical uncertainty in the global macro environment, it is still beneficial to China's manufacturing exports as a whole, especially the export of products related to artificial intelligence. Since this year, AI and AI-related products have given an important impetus to China's exports. Looking at the longer cycle, the global manufacturing cycle is not over yet. On the one hand, AI is driving growth in computing power and infrastructure investment; on the other hand, countries are still restructuring their industrial chains, spending in related fields is rising, and all are expected to continue to support external demand. Overall, the external environment favorable to China's manufacturing exports has not changed.