BEIJING (Reuters) – China’s financial system expanded 4.6% within the third quarter from a yr earlier, official knowledge confirmed on Friday, barely beating analysts’ expectations, sustaining stress on policymakers as they contemplate extra stimulus measures.
Economists polled by Reuters had anticipated third-quarter gross home product to have grown 4.5% from a yr earlier, slowing from 4.7% within the earlier three months.
Authorities have sharply ramped up coverage stimulus since late September to revive the flagging financial system and guarantee progress will attain the federal government’s goal of round 5% this yr.
On a quarter-by-quarter foundation, GDP expanded 0.9% in July-September, barely beneath expectations for a 1.0% rise and in contrast with a revised 0.5% acquire within the earlier quarter.
