China posts slowest growth in over a year as property woes drag

  • Posted on October 18, 2024
  • By Business News Today
  • 3 Views
China posts slowest growth in over a year as property woes drag

China's economy grew at 4.6 percent in Q3, the slowest in a year and a half. Authorities introduced measures to boost consumption and tackle the property debt crisis. Recent data shows a rise in retail sales, but more fiscal stimulus is needed. Beijing aims for five percent annual growth but faces skepticism without more detailed plans.
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