Tag: Gross domestic product

BusinessEconomy

China’s Economic Expansion Slows to Annual Low Amid Property Market Declines

China’s economic growth has decelerated to its slowest pace in a year, with GDP expanding 4.8% year-on-year in the third quarter. The slowdown comes as property prices decline further and retail sales weaken despite stronger industrial production.

Economic Growth Moderates Amid Trade Tensions

China’s economic expansion has reportedly slowed to its lowest level in twelve months, with the gross domestic product growing 4.8% year-on-year in the July-September quarter, according to the National Bureau of Statistics. This represents a moderation from the 5.2% growth recorded in the second quarter and falls below the 5.4% expansion seen in the first three months of the year. The cooling growth coincides with ongoing trade tensions between Beijing and Washington, which analysts suggest have dampened economic activity.

by Elijah Porter
ChinaEconomy

China’s Economic Expansion Shows Signs of Moderation in Q3 Amid Mixed Indicators

China’s economic growth reportedly moderated during the third quarter of 2024, according to analyst projections. Multiple economic indicators including retail sales and industrial production showed signs of easing, while exports demonstrated continued resilience despite international trade tensions.

Economic Growth Trajectory Shows Moderation

China’s economic expansion reportedly slowed during the third quarter of 2024, according to analysts polled by Reuters. The analysts suggest that gross domestic product growth likely moderated to 4.8% year-on-year for the July-to-September period, compared to 5.2% in the previous quarter. This data, scheduled for official release on Monday, would confirm a cooling trend in the world’s second-largest economy amid ongoing structural adjustments and global economic headwinds.

by Elijah Porter