BEIJING : The third quarter for China's economy is likely to underline the intensifying challenges at home and abroad, a Reuters poll showed, as an expected rebound in growth will still leave it poised for one of its worst years in almost half a century.Stringent COVID-19 curbs in the world's second-bigge
BEIJING : The third quarter for China's economy is likely to underline the intensifying challenges at home and abroad, a Reuters poll showed, as an expected rebound in growth will still leave it poised for one of its worst years in almost half a century.
On the face of it, the rebound appears sturdy although recurring COVID flare-ups and a deepening property slump have meant the economy isn't firing on all cylinders. Investors will look for policy signals from a historic congress of the ruling Communist Party due to start on Sunday. Chinese leaders, seemingly resigned to the lower growth trajectory for the year, have played down the importance of hitting the official target of around 5.5 per cent for 2022, which was set in March.
Analysts expect the PBOC to trim the one-year loan prime rate , the benchmark lending rate, by 5 basis points in the fourth quarter, the poll showed.
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