China's Q3 2023 GDP growth slows to 4.6% due to declining consumer spending and property sector challenges.
China's economy recorded its slowest growth in 18 months, with a 4.6% increase in GDP for the third quarter of 2023, down from 4.7% in the previous quarter. The slowdown is attributed to declining consumer spending and persistent challenges in the property sector, exacerbated by ineffective stimulus measures. Despite some positive signs in September, the situation raises concerns about the government's ability to stabilize the economy.
October 18, 2024
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