KEJI - Does China need a policy change after slowing GDP growth?

Power shortages, COVID outbreaks, supply chain problems, industry crackdowns and the China Evergrande debt crisis all weighed on China's economy in the third quarter. Data released overnight showed that GDP grew a disappointing 4.9% Y/Y, missing expectations for a 5.2% expansion, and marking the weakest clip since Q3 of 2020. That comes after blazing 18.3% growth rate recorded in Q1 and the 7.9% seen in the three months ending in June. Quote: "The domestic economic recovery is still unstable and uneven," National Bureau of Statistics spokesperson Fu Linghui said at a briefing in Beijing. Other stats: Industrial output, a measure of factory production, rose just 3.1% Y/Y in September (vs. 4.5% consensus, and 5.3% in August). Fixed-asset investment increased 7.3% in the first three quarters of the year (vs. expectations of 7.9%, and the 8.9% pace recorded from January to August). Retail sales, a key gauge of domestic consumption, climbed

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Does China need a policy change after slowing GDP growth?