China's GDP rebounds to 4.5% in third quarter, beating expectations
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Chinas economy grew 4.5% year-on-year in the third quarter, beating market expectations of 4.4% and recovering from a more than three-year low of 4.3% in the previous quarter. Growth eased pressure on policymakers to announce further stimulus to meet the annual target of 4.5%-5%.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishGrowth above forecasts reduces pressure for new Chinese stimulus.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01China's economy grew 4.5% year-on-year in the third quarter.
- 02The figure beat market expectations of 4.4%.
- 03The previous quarter's growth had slipped to 4.3%, a more than three-year low.
- 04The government's annual target is between 4.5% and 5%.