China posts slowest economic growth in 18 months as optimism fades over stimulus

Blistering sharemarket rally of recent weeks recedes as expectations cool towards long-awaited ‘bazooka stimulus’ for ailing property sectorChina posted its slowest growth in a year and a half on Friday, as Beijing struggles to steady an economy shaken by sluggish consumer spending and persistent property sector woes.Officials have in recent weeks unveiled a string of measures to reignite the world’s number-two economy, with an eye to achieving its official annual growth target of 5%. Continue reading...

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Oct 18, 2024 - 03:00
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China posts slowest economic growth in 18 months as optimism fades over stimulus

Blistering sharemarket rally of recent weeks recedes as expectations cool towards long-awaited ‘bazooka stimulus’ for ailing property sector

China posted its slowest growth in a year and a half on Friday, as Beijing struggles to steady an economy shaken by sluggish consumer spending and persistent property sector woes.

Officials have in recent weeks unveiled a string of measures to reignite the world’s number-two economy, with an eye to achieving its official annual growth target of 5%. Continue reading...

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