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.