BEIJING : China's economy is expected to have slowed in the third quarter as demand at home and abroad faltered, but increased support from the government means Beijing may still be able to achieve its full-year growth target.Gross domestic product (GDP) likely grew 4.
BEIJING : China's economy is expected to have slowed in the third quarter as demand at home and abroad faltered, but increased support from the government means Beijing may still be able to achieve its full-year growth target.
However, recent economic data has shown some signs of stabilising after a flurry of modest policy measures, but economists believe more support is needed to keep growth on track. "How the latest easing plays out and whether we'll have additional policy easing within the year remain the most important questions for China macro."
Analysts polled by Reuters expect the central bank to keep banks' reserve requirement ratio and benchmark lending rates steady towards the year-end. The central bank is constrained in how much it can ease monetary policy for fears of hurting the yuan, analysts said
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