China's Economy Grows Despite Real Estate Woes

China's economy grew more than expected in Q3 2022, aided by government infrastructure spending and bank lending.

However, the real estate sector continued to struggle with falling home prices and developer insolvencies.

Retail sales showed signs of stabilizing after slowing earlier in 2022.

The government has boosted infrastructure spending and bank lending to manufacturers to offset real estate weakness.

But external risks remain, including weak global growth and European trade tensions over Chinese exports.