China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth.

China's economy in the July-September period grew a real 4.6 percent from a year earlier, marking the slowest expansion since the f

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China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and industrial output figures for last month beat forecasts a tumbling property sector remains a big challenge for Beijing as it tries to boost growth.

According to the GSU, China's GDP growth rate in 2022 reached 3%, and in 2023 - 5.2% (126.05 trillion yuan, or about $17.7 trillion). The official target for 2024 is set at 5%.

China's economy grew by 4.6 percent in the July-to-September period from a year earlier, but the pace of expansion was less than in the previous quarter.

China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly beating expectations.

China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and industrial output figures for last month beat forecasts a tumbling property sector remains a big challenge for Beijing as it tries to boost growth.

China’s economic growth slowed in the third quarter, trending below Beijing’s annual growth target but beating market expectations.