Page 13 - Frederic Neumann News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BEIJING (Reuters) -China's economy grew at a faster-than-expected clip in the third quarter, while consumption and industrial activity in September also surprised on the upside, suggesting the recent flurry of policy measures is helping to bolster a tentative recovery. Gross domestic product (GDP) grew 4.9% in July-September from the year earlier, data released by the National Bureau of Statistics showed, versus analysts' expectations in a Reuters poll for a 4.4% increase but slower than the 6.3% expansion in the second quarter. The government is walking a tight rope as it tries to...

Government stimulus gains some traction in third quarter as property downturn continues

Beijing has in recent weeks unveiled a raft of measures, but its ability to spur economic growth has been hamstrung by fears over debt risks and a fragile yuan

Rapidly weakening growth in the world's second-biggest economy since the second quarter prompted authorities to step up their support steps, , chinese economy, economic recovery

The Bank of Korea will keep its key policy rate unchanged for a sixth consecutive meeting on Oct. 19 but maintain a hawkish bias on resurging inflation, according to a Reuters poll, which also... -October 16, 2023 at 08:37 pm EDT - MarketScreener