China’s economy slows again as private banks wait on fiscal bazooka

By Stanley Yupu Li , senior reporter | 18 October 2024 | 4 minutes read

China’s 3Q24 GDP growth rate beat market expectations following the announcement of fresh government stimulus, eking closer to Beijing’s 5% target for the year. Although giving room for optimism, asset managers still hold out for more long-term support. 3Q24 GDP growth of the world’s second-largest economy slowed to 4.6% YoY from 4.7% in the previous quarter, narrowly beating the market…

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