China posts slowest GDP growth in over a year at 4.6% for Q3

Stocks surge as central bank officially kicks off market-supporting measures

20241017 China skyline

China is under pressure to reach its official full-year economic growth target of "around 5%." © AP

STELLA YIFAN XIE and WATARU SUZUKI, Nikkei staff writers

October 18, 2024 11:08 JST

Updated on October 18, 2024 17:40 JST

HONG KONG/SHANGHAI -- China's economy sank into a deeper funk in the third quarter, testing the leadership's resolve to rev up demand.

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