China’s gross domestic product grew 7.3% in the third quarter year-over-year, the slowest rate since 2009, Reuters reported, citing official data released Tuesday. The pace is the weakest since the global financial crisis, and a pick-up in factory output and government confidence that the labor market remains stable were offset by further slowing in the property sector. Economists remained divided on whether authorities would step in with major stimulus measures such as interest rate cuts as the country faces the possibility of missing its official GDP target for the first time in 15 years.
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