China's Economy Grows at Slowest Rate Since Early 2023 Amid Property Slump

TaiwanPlus News

China's economy grew at the slowest rate since early 2023 over the past three months amid a slumping property sector. While the headline figure of 4.6% beat some analysts' expectations, it was lower than the second quarter figure.

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00:00China's economy grew 4.6% in the last three months, the slowest growth since early 2023.

00:08While the figure slightly beat forecast, it was slower than the previous quarter.

00:13The world's second-largest economy is struggling with a declined property sector and slowing

00:18export growth.

00:20Policymakers last month unveiled monetary support measures in a bid to boost the economy

00:24as Beijing tries to hit its target of 5% GDP growth, but left further details of planned

00:30stimulus vague.

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