China Q3 Growth Expected to Rise on Stimulus

China economic growth likely accelerated modestly in the third quarter supported by fresh policy easing. The projected pickup helps keep the annual target within reach despite weak domestic consumption and a property slump.

FILE PHOTO: A man walks past a pedestrian footbridge in the financial central district of Hong Kong, China October 3, 2023. REUTERS/Tyrone Siu/File Photo

China's third-quarter GDP likely grew 4.4% year-on-year, supported by policy easing but falling short of annual targets. The modest acceleration from 4.3% in the second quarter highlights persistent structural imbalances. The reading underscores deepening economic pressures as policymakers race to hit the 2026 growth target of 4.5% to 5.0%.

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