China’s gross domestic product (GDP) grew 4.5% year on year in the third quarter, the National Bureau of Statistics of China reported, better than economists had expected and up from 4.3% in the second quarter, according to The Guardian.

According to analysts at ABN Amro cited by the newspaper, the pickup mainly reflects export strength on the global AI and tech boom, more than offsetting drags from the Iran conflict and ongoing weakness in domestic demand.