China’s Q3 growth hits six-quarter low

China’s economy likely recorded its weakest growth in six quarters, with third-quarter expansion expected at 4.5%, according to economists surveyed by Bloomberg. This marks the slowest pace since March 2023, though it should keep growth for the first nine months at 4.9%, aligning with Beijing’s annual target of around 5%. The slowdown prompted the government to roll out stimulus measures in late September, including interest rate cuts and support for property and stock markets, sparking a historic stock rally. However, concerns are rising that these measures may not be enough to revive growth. Industrial production, retail sales, and fixed-asset investment are forecast to remain weak, while property investment continues to plunge. Investors are watching for potential fiscal policy moves from upcoming legislative meetings to assess further government action.