In the third quarter, China’s economy grew at the slowest pace since early 2023, and though consumption and manufacturing output beat forecasts last month, a tumbling property sector remains a major concern for Beijing as it races to revitalise growth.
The world’s second largest economy grew by 4.6% in July–September, official data show, a touch above the 4.5% forecast in a Reuters’ poll but below the 4.7% in the second quarter.
The Government has sharply ramped up policy stimulus since late September, but markets are waiting for more details on the package and a clearer road map to put the economy back on a solid longer-term footing.
Source: reuters.com