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China's economy grew by 4.6% in Q3 2024, marking its slowest growth in six quarters. Despite this, retail sales and industrial output showed signs of recovery. Analysts remain cautious about the sustainability of this growth amid ongoing challenges in the property sector.
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In October 2024, China's housing market has seen a significant rebound, with major cities reporting a surge in transactions. This follows recent government measures aimed at stabilizing the sector, including increased funding and reduced mortgage rates. Analysts remain cautious about the long-term effectiveness of these policies.
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China's government is implementing a series of measures to stabilize its economy, including interest rate cuts and a focus on the stock market. Recent data shows growth has slowed, prompting calls for more aggressive stimulus to boost consumer confidence and address the struggling property sector.