China’s Economic Slowdown Sparks Action: Stimulus Measures Boost Market Confidence
China's economy has been grappling with a sharp deceleration in growth, and the latest data has reinforced the need for immediate intervention. The third quarter of 2024 saw the slowest economic expansion in six quarters, with GDP growth at 4.6% year-over-year. This brings overall growth for the first nine months of 2024 to 4.8%, teetering on the lower end of the government’s annual target of around 5%.
