Economic Performance and Challenges
's economy grew by 4.6% in the third quarter of 2024, slightly above expectations but marking a slowdown from the previous quarter, with key sectors like real estate and exports showing significant weakness.
Despite policy stimulus efforts, including reducing mortgage rates and reserve requirements, the property sector remains a major challenge, contributing to cautious consumer spending and impacting businesses.
Policy Responses and Market Reactions
Recent measures aimed at revitalizing the property market include quicker credit for developers and support for urban renovation, though analysts remain skeptical about their effectiveness in addressing structural issues.
The announcement of new policies led to a market rally, with the CSI 300 index rising, but experts warn of potential short-lived optimism due to the lack of detailed and aggressive fiscal policies.