Gala 2024
Member Exclusive
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.
