October 18, 2024 02:01 GMT
CHINA: GDP Print Shows the Challenges Despite Stimulus.
CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
- China’s third quarter GDP came in at +4.6%, marginally ahead of expectations.
- Declining from +4.7% in Q2, today’s print is below the government’s stated target of achieving 5% in 2024.
- A raft of policies has been announced over the quarter and it was not expected that today’s GDP release would show any impact yet from the new initiatives.
- Going forward, the various stimulus measures aimed at arresting the decline in the property sector particularly should likely start to show up in the data.
83 words