China’s Economy Isn’t Growing Like It Used To. But Is It Time To Buy Its Stocks?

Stéphane Renevier

3 months ago1:22 min

China’s Economy Isn’t Growing Like It Used To. But Is It Time To Buy Its Stocks?

China’s economy expanded 3.9% in the third quarter, compared to a year ago – slightly better than economists had expected but still well below the country’s official 5.5% target. Under the surface, the data painted a mixed picture of the Chinese economy: industrial production was robust, but retail sales, the housing sector, and export growth continued to disappoint. Unemployment has also ticked higher.

While you should always approach Chinese economic numbers with a pinch of skepticism, Monday’s report does highlight some of the big challenges facing the world’s second-largest economy: it’s grappling with a sharp downturn in its property sector, and still reeling from strict covid measures that have paralyzed entire sectors of its economy. What’s more, the decision to staff the upper rea

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