China Q3 growth tops forecasts but meaningful rebound elusive ...Qatar

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China Q3 growth tops forecasts but meaningful rebound elusive
source : Gulf Times ( Qatar ) () 22
China’s economy rebounded at a faster-than-anticipated clip in the third quarter, but a more robust revival in the longer term will be challenged by persistent Covid-19 curbs, a prolonged property slump and global recession risks. Helped by a raft of government measures, the world’s second-biggest economy expanded 3.9% in July-September from a year earlier, official data showed yesterday, outstripping the 3.4% pace forecast in a Reuters poll and faster than the 0.4% growth in the second quarter. However, domestic demand waned towards the end of the quarter as a flare-up in coronavirus cases led to lockdowns, while export growth slowed and the key property sector further cooled, pointing to

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