China's Q3 GDP Hits Weakest Pace Since Early 2023, Backs Calls for More Stimulus

October 18, 2024, 10.26 AM
Source: ReutersEditor: Yudho Winarto

CHINA - BEIJING. China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and industrial output figures for last month beat forecasts a tumbling property sector remains a big challenge for Beijing as it tries to boost growth.

The world's second-largest economy grew 4.6% in July-September, official data showed, a touch above a 4.5% forecast in a Reuters poll but below the 4.7% pace in the second quarter.

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