By CNBC (World News) | Created at 2024-10-18 02:20:32 | Updated at 2024-10-18 04:21:21
2 hours ago
China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first half performance of the world's second-largest economy.
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China's National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, exceeding the 4.5% expected by economists polled by Reuters.
That's less than the second-quarter growth of 4.7% year on year.
Beijing has faced public scrutiny over its ability to meet its own annual growth target of "around 5%."
Amid low consumer sentiment and a flagging property sector, the Chinese government has intensified stimulus measures in recent weeks in an effort to boost its lackluster economy.
This is a developing story. Please check back later for updates.
