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

October 18, 2024, 10.26 AM
China's Q3 GDP Hits Weakest Pace Since Early 2023, Backs Calls for More Stimulus

ILUSTRASI. CHINA GDP: A dog crosses a road at a financial district with buildings under construction, in Beijing, China January 11, 2023. REUTERS/Tingshu Wang 

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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