China's economy is expected to have slowed in the third quarter, dragged by a prolonged property downturn and weak consumption, maintaining pressure on...
BEIJING - China 's economy is expected to have slowed in the third quarter, dragged by a prolonged property downturn and weak consumption, maintaining pressure on policymakers as they consider more stimulus steps to revitalise growth.
China's economy has stuttered through uneven growth this year, with industrial production outstripping domestic consumption, fanning deflationary risks amid the property downturn and mounting local government debt. Recent data raised the risk of China sliding into an entrenched phase of deflationary pressures as prospects for exports, the economy's lone bright spot this year, look to be dimming amid foreign trade curbs.
Reuters reported last month that China plans to issue special sovereign bonds worth about 2 trillion yuan this year as part of fresh fiscal stimulus.
China Beijing Fiscal Stimulus Stimulus Package Reuters Poll
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