China confident on growth goals despite economy’s weak performance

China reported its slowest economic growth in a year but insisted it remains on course to meet its annual targets, helped by strong export numbers that have cushioned weak domestic ￰0￱ country’s economy grew 4.8% in the three months ending in September compared to the same period last year, according to figures released Monday by the National Bureau of ￰1￱ this marked the weakest quarterly performance in a year, it still beat what most economists had predicted as reported by ￰2￱ said the 5.2% expansion recorded across the first nine months of the year provided a “solid foundation” for reaching the full-year goal of roughly 5% ￰3￱ week for economic planning div:bg-bg-000/50 &_pre>div:border-0.5 &_pre>div:border-border-400 &_.

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progressive-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6):pr-8"> _*:min-w-0 standard-markdown"> These figures come at a crucial time for ￰4￱ officials are gathering in Beijing this week for the fourth plenum, a meeting focused on planning economic development priorities for the upcoming five-year period. Meanwhile, trade friction between China and the United States has intensified once ￰5￱ Secretary Scott Bessent is scheduled to meet with Chinese Vice Premier He Lifeng in Malaysia this week to arrange discussions between both nations’ leaders later this ￰6￱ Sunday, President Donald Trump identified three primary areas of concern regarding ￰7￱ earth elements, fentanyl, and ￰8￱ better-than-expected growth figures , combined with new government spending programs announced last week, might reduce pressure on officials to roll out more emergency measures ￰9￱ Shuang, who works as chief economist for Greater China and North Asia at Standard Chartered, said policymakers might now hold off on a 10-basis-point interest rate cut his team had forecast for this ￰10￱ the Monday report also revealed plenty of trouble ￰11￱ at retail stores grew at their slowest rate since last ￰12￱ in fixed assets dropped for the first time on a year-to-date basis since ￰13￱ one bright spot came from factories, where output jumped 6.5% in September, beating every economist’s ￰14￱ react positively Chinese stocks climbed after the data came ￰15￱ CSI 300 Index rose as much as 1.3% amid a better mood across Asian markets following Trump’s signals that tensions with China might ￰16￱ Kong-traded Chinese stocks gained 2.5% by ￰17￱ exports have kept China’s economy moving forward despite another trade fight with the United ￰18￱ global demand for Chinese-made products has helped keep overall growth near government ￰19￱ problems remain throughout the world’s second-largest ￰20￱ prices and tough competition are hurting company profits, while consumer spending stays weak following the collapse of the housing ￰21￱ rare drop in investment showed how pessimistic businesses and consumers ￰22￱ estate led the decline, but spending on infrastructure and manufacturing also slowed ￰23￱ investment grew just 1.1% in the first nine months compared to a year earlier, the worst performance for that period since ￰24￱ investment cooled from nearly 10% earlier this year to only 4%.

To address these issues, the Finance Ministry said Friday it would let provinces use 500 billion yuan, or $70 billion, in unused borrowing allowances to strengthen their ￰25￱ money can pay down hidden debts, settle bills owed to companies, and in some cases, fund new investment ￰26￱ GDP growth, which doesn’t account for price changes, fell to 3.7% in the third quarter from a year ￰27￱ marked the worst reading since late 2022 and showed that prices across the economy dropped for the 10th quarter in a row, the longest such streak in recent memory. Meanwhile, China’s exports of rare earth magnets fell 6.1% in September from August, ending three months of ￰28￱ drop happened before Beijing announced a major expansion of its export licensing rules this ￰29￱ trade talks broke down earlier this year, Beijing had restricted rare earth exports between April and May before reaching a deal with Washington in June to ease the flow of these critical ￰30￱ up to Bybit and start trading with $30,050 in welcome gifts