Sunday, February 16, 2025
spot_imgspot_img

Top 5 This Week

spot_imgspot_img

Related Posts

China surpasses expectations with 4.6% GDP growth in third quarter


China’s National Bureau of Statistics reported third-quarter GDP growth of 4.6% year on year, slightly exceeding expectations but less than the second-quarter growth. Other data, such as retail sales and industrial production, also beat expectations, indicating positive signs for the economy. Beijing has faced scrutiny over meeting its growth target of around 5%, but with 4.8% growth in the first three quarters, the target is within reach with extra stimulus in Q4. Chinese officials have announced support measures to boost the economy, including cutting banks’ cash requirements and increasing debt and deficit. The Housing Ministry is expanding real estate projects and speeding up bank lending to 4 trillion yuan by the end of the year. Despite challenges, there is optimism for growth in the coming years as the government is committed to shoring up the economy.

Photo credit
www.nbcnews.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles