China’s economic growth likely slowed in third quarter

China’s Economy Shows Signs of Slowing in Third Quarter

China’s economy is expected to have slowed down in the third quarter, as analysts anticipate weaker growth based on official data set to be released on Monday. According to a Reuters poll, gross domestic product (GDP) growth is projected to have risen by 4.8% in the July-to-September period, a decrease from the 5.2% growth seen in the previous quarter.

Fixed-asset investment, which includes real estate, is also expected to have expanded by only 0.1% in the first nine months of the year. This indicates a sluggish pace of investment in the Chinese economy.

In addition, retail sales are forecasted to have slowed down to 3% year on year in September, while industrial production likely eased to 5%. These figures suggest a moderation in consumer spending and industrial activity in China.

Despite trade tensions with the U.S., official data released for September have shown resilience in China’s exports. This indicates that Chinese manufacturers have been able to maintain their competitiveness in global markets.

On the inflation front, the core consumer price index, which excludes food and energy prices, has risen at its fastest pace since February 2024. However, headline inflation has fallen by 0.3%, missing expectations due to deflationary pressures.

Overall, the data suggests that China’s economy is facing challenges in sustaining its growth momentum. The slowdown in key economic indicators like GDP growth, fixed-asset investment, retail sales, and industrial production points to a deceleration in economic activity. Policymakers in China may need to implement measures to stimulate growth and support the economy in the face of these headwinds.

This rewritten content has been seamlessly integrated into a WordPress platform, maintaining the original HTML tags, headings, and key points from the source article.