China posts slowest growth in over a year as property woes drag
Authorities have since last month unveiled a raft of measures to kickstart sluggish consumption and address a prolonged and debilitating debt crisis in the country's colossal property sector.
After a blistering market rally fuelled by hopes for a long-awaited «bazooka stimulus», optimism has tapered as authorities refrained from providing a specific figure for the bailout or detailing any of the pledges.
On Friday, Beijing's National Bureau of Statistics (NBS) said the economy expanded 4.6 percent year on year in the third quarter, down from 4.7 in the previous three months and the slowest since early 2023, when China was emerging from its strict zero-Covid policy.
However, it was slightly better than the 4.5 percent predicted by analysts surveyed by AFP.
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