China defies tariff pressure but deflation fears persist: Nikkei survey

GDP growth to slow in 2nd half, with fading stimulus carrying risks into 2026

20251006 china economy

Commuters in Beijing's Central Business District. Economists foresee the Chinese economy growing 4.6% this year before slowing to 4.3% in 2026 and 4.2% in 2027. © Reuters

PEGGY YE

HONG KONG -- China's economic growth is expected to slow in the third quarter as the boost from earlier stimulus fades and property market weakness deepens, raising fresh concerns about deflation, according to a Nikkei survey of economists.

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