Downbeat Chinese data in recent months has highlighted weaker demand at home and abroad amid trade warBeijing — China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising US trade war hit factory production, boosting the case for Beijing to roll out fresh support.
Downbeat Chinese data in recent months has highlighted weaker demand at home and abroad. Still, most analysts say the scope for aggressive stimulus is limited in an economy already saddled with piles of debt following previous easing cycles, which have sent housing prices sharply higher. Even recent signs of breakthrough in the protracted trade war between Beijing and Washington are unlikely to change the economic outlook any time soon.
Mao said there was ample room to change monetary policy, as rising consumer inflation has been mainly driven by volatile food prices. The uptick was in line with signs of increased domestic orders, though overall demand remains at historically weak levels. Analysts had expected industrial output to grow 5% in September.
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