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Search resuls for: "Ryan Woo Ellen Zhang"


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☆ China Q3 GDP growth tops forecasts but meaningful rebound elusive
  + stars: | 2022-10-24 | by ( Ryan Woo Ellen Zhang | Ryan Woo | Ellen Zhang | ) www.reuters.com   time to read: +6 min
On a quarterly basis, GDP rose 3.9% versus a revised drop of 2.7% in April-June and an expected 3.5% rise. 1/9 Workers work at a construction site, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 14, 2022. A Reuters poll forecast China's growth to slow to 3.2% in 2022, far below the official target of around 5.5%, marking one of the worst performances in almost half a century. Retail sales grew 2.5%, missing forecasts for a 3.3% increase and easing from August's 5.4% pace, underlining still fragile domestic demand. "On the policy front, the overall policy will remain supportive," said Hao Zhou, chief economist at Guotai Junan International.
☆ China Q3 GDP growth exceeds expectations but risks loom
  + stars: | 2022-10-24 | by ( Ryan Woo Ellen Zhang | Ryan Woo | Ellen Zhang | ) www.reuters.com   time to read: +5 min
Workers work at a construction site, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 14, 2022. On a quarterly basis, GDP rose 3.9% in the third quarter, versus a revised drop of 2.7% in April-June and an expected 3.5% rise. The data was originally scheduled for release on Oct. 18 but was delayed amid the key Communist Party Congress last week. New bank lending in China nearly doubled in September from the previous month and far exceeded expectations, helped by central bank efforts to revive the economy. "On the policy front, the overall policy will remain supportive," said Hao Zhou, chief economist at Guotai Junan International.
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