China's Economic Growth Exceeds Expectations in Q3 But Concerns Remain

• China's GDP grew 4.9% year-on-year in Q3, beating forecasts but slower than the previous quarter.
• Retail sales and industrial output in September also exceeded expectations, indicating stabilization.
• The property sector remains weak, weighing on the economy and confidence.
• Multiple banks and analysts have raised China's 2023 GDP growth forecasts above the government's 5% target.
• However, concerns persist about global demand, domestic consumption, and the need for reforms.

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