BEIJING (Reuters) -China's industrial output and retail sales grew more quickly than expected in October, despite fresh curbs to control COVID-19 outbreaks and supply shortages, but the slowing property sector weighed on the economic outlook.
BEIJING New bank lending in China fell sharply in October from the previous month, but not quite as badly as forecast by analysts who expect the central bank to ease monetary policy cautiously due to risks of stagflation.
BEIJING (Reuters) -China's central bank will likely move cautiously on loosening monetary policy to bolster the economy, as slowing economic growth and soaring factory inflation fuel concerns over stagflation, policy sources and analysts said.
BEIJING, Nov 8 China's central bank will likely move cautiously on loosening monetary policy to bolster the economy, as slowing economic growth and soaring factory inflation fuel concerns over stagflation, policy sources and analysts said.
BEIJING As China raced ahead of major rival economies from the COVID-19 induced slump last year, Beijing saw a chance to push through tough measures targeting debt-ridden developers as well as industrial polluters and tech giants.
BEIJING China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages and wobbles in the property sector, highlighting the challenge facing policymakers as they seek to prop up a faltering recovery while reining in the real estate sector. | Video
* Sept retail sales growth 4.4% (Adds analyst comment, updates to reflect second quarter revision in paragraph 5)
BEIJING, Oct 18 China's economy likely grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic COVID-19 outbreaks and raising heat on policymakers amid rising jitters over the property sector.
BEIJING Chinese leaders, fearful that a persistent property bubble could undermine the country's long-term ascent, are likely to maintain tough curbs on the sector even as the economy slows, but could soften some tactics as needed, policy sources and analysts said.
* TSF 2.9 trln yuan, vs f'cast 3.105 trln yuan (Adds analyst comment)
The new Omicron coronavirus variant kept spreading around the world on Sunday, with two cases detected in Australia, even as more countries tried to seal themselves off by imposing travel restrictions.