China Bip-Wachstum

The Chinese economy grew by a seasonally adjusted 0.9% in Q3 of 2024, after a 0.7% increase in Q2. It was the ninth straight period of quarterly rise, supported by recent government initiatives aimed at stimulating consumption, mitigating deflation risks, and reversing the downturn in the real estate sector. On the monetary front, the People's Bank of China in September launched the biggest stimulus package for the economy since the pandemic, including significant cuts to interest and mortgage rates. The plans also included help for the struggling stock market and measures to encourage banks to lend more to individuals and businesses. Meanwhile, the National Bureau of Statistics said in a statement that the economy was “generally stable with steady progress” even in the face of a “complicated and severe external environment” and uncertainty in domestic economic development. It warned again that the foundation for an economic turnaround still needed to be consolidated.