“The property market remains the biggest drag on China’s growth,” said Lynn Song, chief economist for greater China at banking giant ING. “New investment is unlikely to see a substantive recovery until prices stabilize and housing inventories decline… until then property will remain a notable headwind to growth.” Earlier on Friday, China’s central bank said … Read more
Investing.com– The Chinese economy expanded as forecasted in the third quarter, according to gross domestic product data released on Friday, although the growth rate remained below Beijing’s annual target. Chinese GDP grew by 4.6% year-on-year in the three months ending on September 30, in line with expectations but decelerating from the 4.7% growth seen in … Read more
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew by 4.6 per cent year on year in the third quarter, according to official data released on Friday. This growth rate is slower than the previous three months, highlighting a slowdown in … Read more