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China Rolls Out Stimulus Measures as Quarterly Growth Data Hits New Low

Key Takeaways

  • China’s third quarter GDP growth declined to 4.6 percent, accompanied by deflationary pressures and a sluggish property market, which continues to dampen consumer confidence.
  • While new stimulus initiatives have been positively received by the market, analysts remain cautious about their impact on consumer confidence and overall economic revitalization.
  •  A recovery plan with an increased focus on targeted measures and macroeconomic support policies is anticipated.

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