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CHINA: GDP Print Shows the Challenges Despite Stimulus. 

CHINA
  • 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. 
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  • 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.