China’s economy expanded by 4.6% from July to September, according to official data, marking its slowest growth since early 2023 and falling short of the 4.7% growth seen in the second quarter. The struggling property sector continues to pose a significant challenge for Beijing.
In response, authorities in the world’s second-largest economy have significantly increased policy stimulus since late September to rejuvenate the economy and achieve the government’s growth target of approximately 5% for this year.
Here are some updated growth forecasts from brokerages for China’s 2024 GDP following the Q3 data:
**Brokerage Real GDP Growth Forecast** **(Year-over-Year)**
Brokerage
New Forecast
Previous Forecast
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