China’s Economy Expected To Slow In Q3, Putting Beijing’s 2024 Targets At Risk

China’s economy is anticipated to have slowed in the third quarter due to a prolonged property slump and weak consumer spending, prompting policymakers to consider additional stimulus measures to boost growth. A Reuters poll suggests a year-on-year growth of 4.5% for July-Sep, down from 4.7% in the previous quarter. Beijing aims to meet its 2024 growth target of around 5%.