The world’s second-largest economy grew 4.9% year-over-year in the July-September quarter, beating the 4.5% forecast by analysts but slowing from the 6.3% growth in the previous quarter, according to official data.
The Chinese government in recent months has unveiled a raft of policy support measures to shore up the economy, including infrastructure spending, cutting interest rates and easing curbs for home-buying in an attempt to revive the property sector. Beijing is aiming for 5% economic growth this year. Analysts estimate that China is likely to reach its goal, although that growth is likely to slow to 4.5% in 2024.
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Source: AP - 🏆 728. / 51 Read more »