Updated
Updated · Bloomberg · Aug 24
China Growth Slows to 4% in Early Q3, Reviving Easing Hopes
Updated
Updated · Bloomberg · Aug 24

China Growth Slows to 4% in Early Q3, Reviving Easing Hopes

3 articles · Updated · Bloomberg · Aug 24

Summary

  • Goldman Sachs estimates China’s GDP was growing about 4% year on year at the start of the third quarter, slipping further below Beijing’s 4.5% to 5% annual target.
  • July activity data pointed to demand-driven weakness, Goldman chief China economist Hui Shan said, suggesting the slowdown is rooted more in soft spending and investment than supply constraints.
  • That marks a deceleration from 4.3% growth in the prior three months and has renewed expectations that Beijing may turn to monetary easing to support the economy.

Insights

With growth slipping below target, will Beijing's cautious monetary easing be enough to revive a deeply bruised consumer class?
Is China's economic slowdown a crisis, or a calculated sacrifice to permanently break its reliance on the real estate market?
Can China’s booming AI and EV sectors single-handedly rescue an economy weighed down by a historic property market collapse?