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China Economy Grows by 4.6% in Q3 2024 as Markets Clamor for More Stimulus
China’s economy struggles to meet expectations, raising questions about future growth prospects. On Friday, October 18, China’s economy was in the spotlight. Q3 GDP, retail sales, unemployment, and industrial production figures drew investor interest. The economy expanded by 4.6% in Q3 2024, slower than the 4.7% growth reported for Q2 2024. Economists expected growth of 4.5%. Significantly, growth was notably below the government’s 5% growth target for 2024. While growth slowed in the third quarter, other economic indicators suggested a modest recovery heading into Q4 2024. These included: Retail sales ... (full story)
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- Posted: Oct 17, 2024 11:01pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,314
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