China will on Wednesday release third-quarter economic growth data as Beijing chases a target of about 5 per cent this year.
Economists polled by Reuters expect gross domestic product to have expanded 4.4 per cent in the third quarter. That means China remains on track to claw its way to the 5 per cent target, following year-on-year GDP growth of 4.5 per cent in the first quarter and 6.3 per cent in the second.
While the target is one of the country’s lowest in decades, Chinese officials have in recent months ratcheted up financial stabilisation efforts across the property and banking sectors and shored up support for the country’s stock market and renminbi.
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