China’s Q4 economic growth likely to slow amid debt, pollution battle
Analysts polled by Reuters expect the world's second-largest economy to have grown 6.7 per cent in the October-December quarter from a year earlier, cooling from the previous quarter's 6.8 per cent pace.
Chinese policymakers have been trying to contain financial risks and slow an explosive build-up in debt without stunting economic growth. (File Photo)
China is expected on Thursday to post a modest slowdown in fourth quarter economic growth from the previous three months as the government extended a crackdown on debt risks and factory pollution. Analysts polled by Reuters expect the world’s second-largest economy to have grown 6.7 per cent in the October-December quarter from a year earlier, cooling from the previous quarter’s 6.8 per cent pace.
Chinese policymakers have been trying to contain financial risks and slow an explosive build-up in debt without stunting economic growth. The expected moderation, still within Beijing’s comfort zone given its annual growth target of around 6.5 per cent, comes on the back of a cooling property sector, pollution curbs that have hit factory activity and a rise in corporate funding costs, news agency Reuters reports.
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