{"id":73222,"date":"2026-10-19T01:08:17","date_gmt":"2026-10-19T05:08:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/chinas-gdp-beats-expectations-in-q3-as-memory-giant-cxmt-forecasts-record-growth\/73222\/"},"modified":"2026-10-19T01:08:17","modified_gmt":"2026-10-19T05:08:17","slug":"chinas-gdp-beats-expectations-in-q3-as-memory-giant-cxmt-forecasts-record-growth","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/chinas-gdp-beats-expectations-in-q3-as-memory-giant-cxmt-forecasts-record-growth\/73222\/","title":{"rendered":"China\u2019s GDP Beats Expectations in Q3 as Memory Giant CXMT Forecasts Record Growth"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>China\u2019s GDP expanded by 4.5% year-on-year in the third quarter<\/strong>, surpassing analyst estimates of 4.4% driven by robust high-tech manufacturing and export demand.<\/li>\n<li><strong>ChangXin Memory Technologies (CXMT) (<a href=\"\/stock\/688825\">688825<\/a>)<\/strong> projected a <strong>ninefold revenue surge<\/strong> to approximately 270 billion yuan ($40.4 billion) for the first nine months of 2026, though shares fell 7.6% on slowing quarterly growth.<\/li>\n<li><strong>US Secretary of State Marco Rubio<\/strong> clarified that the Trump administration has not paused intelligence sharing with Kyiv, following reports of a brief &quot;de-blocking&quot; of data flows.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> (<a href=\"\/stock\/XAU\">XAU<\/a>) prices rose 0.2% to $4,173.59<\/strong> as traders lowered the probability of an October Fed rate hike to under 20% following comments from Chair Kevin Warsh.<\/li>\n<li><strong>EUR\/USD remains technically bearish below 1.1250<\/strong>, pressured by fiscal instability in France and a failure to reclaim its 100-day Simple Moving Average (SMA).<\/li>\n<\/ul>\n<h2>China\u2019s Industrial Engine Drives Q3 GDP Beat<\/h2>\n<p>China\u2019s economy showed signs of resilience in the third quarter of 2026, with <strong>Gross Domestic Product (GDP) growing 4.5% year-on-year<\/strong>. This figure exceeded the 4.4% growth forecasted by economists and marked an acceleration from the 4.3% recorded in the second quarter. The growth was primarily fueled by <strong>industrial production and exports<\/strong>, particularly in specialty materials and components for data centers and semiconductors.<\/p>\n<p>Despite the headline beat, the internal composition of China&#39;s growth remains uneven. <strong>Retail sales grew only 1.1% in September<\/strong>, highlighting persistent weakness in domestic consumer demand. Meanwhile, <strong>property investment plummeted 20.6%<\/strong> for the January-September period, indicating that the real estate sector has yet to find a floor despite various government support measures.<\/p>\n<h2>CXMT Forecasts Massive Revenue Growth Amid AI Boom<\/h2>\n<p>Chinese memory chip leader <strong>ChangXin Memory Technologies (CXMT) (<a href=\"\/stock\/688825\">688825<\/a>)<\/strong> announced a blockbuster preliminary earnings estimate, forecasting revenue between <strong>265 billion and 270 billion yuan<\/strong> for the first nine months of the year. This represents a nearly <strong>ninefold increase<\/strong> from the 32.08 billion yuan reported in the same period last year. The company expects to swing to a net profit of up to <strong>132.5 billion yuan ($19.8 billion)<\/strong>, reversing a prior loss.<\/p>\n<p>However, CXMT&#39;s stock fell <strong>7.6% to 41.58 yuan<\/strong> in Shanghai trading as investors reacted to signs of a &quot;strategic slowdown.&quot; Reports indicated that <strong>quarter-on-quarter profit growth slowed to 1-4%<\/strong> in the third quarter, as the rapid price increases for DRAM began to moderate. To bolster investor confidence, Chairman Zhu Yiming has proposed a <strong>share buyback program<\/strong> valued at up to 2 billion yuan.<\/p>\n<h2>Geopolitical Tensions and Intelligence Cooperation<\/h2>\n<p>In Washington, <strong>Secretary of State Marco Rubio<\/strong> addressed concerns regarding the US-Ukraine relationship, stating that intelligence cooperation has not been permanently paused. This follows an interview where Ukrainian President Volodymyr Zelensky thanked the US for &quot;unblocking&quot; critical data on Russian ballistic missile strikes after a <strong>three-day gap<\/strong> in sharing. Rubio emphasized that the administration is currently in a <strong>60-day &quot;analysis&quot; period<\/strong> regarding Russian sanctions and tariffs to evaluate their impact on global energy prices.<\/p>\n<h2>Market Reactions: Gold Gains, Euro Falters<\/h2>\n<p><strong>Gold (<a href=\"\/stock\/XAU\">XAU<\/a>)<\/strong> edged higher to <strong>$4,173.59 per ounce<\/strong> as market participants re-evaluated the Federal Reserve&#39;s interest rate trajectory. Comments from <strong>Fed Chair Kevin Warsh<\/strong> were interpreted by some as <em>dovish by omission<\/em>, leading the CME FedWatch Tool to show an <strong>84% probability<\/strong> that rates will remain unchanged this month. This shift provided a tailwind for non-yielding bullion, which has maintained a floor above $4,000 since August.<\/p>\n<p>In the currency markets, the <strong>EUR\/USD<\/strong> pair struggled to maintain momentum, trading near <strong>1.1230<\/strong>. Technical analysts at <em>FXStreet<\/em> noted that the pair remains in a <em>bearish tone<\/em> as long as it stays below the <strong>100-day SMA at 1.1465<\/strong>. Downside pressure is being exacerbated by <strong>fiscal risks in France<\/strong> and widespread protests across Europe regarding the cost-of-living crisis, which continue to weigh on the shared currency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways China\u2019s GDP expanded by 4.5% year-on-year in the third quarter, surpassing analyst estimates of 4.4% driven by robust 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