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

October 18, 2024, 10.26 AM | Source: Reuters
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

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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