China Q3 GDP growth slows to 4.6%
Fanny Zhang
18-Oct-2024
SINGAPORE (ICIS)–China’s economic growth continued to lose steam, slowing to 4.6% year-on-year in the third quarter, down from 4.7% in the previous quarter, the National Bureau of Statistics (NBS) reported on Friday.
For the first nine months, growth stood at 4.8%.
The slowdown was anticipated, driven by persistent weakness in demand and the struggling property sector.
In response, Beijing has ramped up stimulus measures since late September, underscoring concerns about the economy’s trajectory.
Achieving the targeted 5% GDP growth for 2024 remains a significant challenge for Beijing, according to analysts.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
