Shine trader limited reports：
China’s economy is experiencing a variety of shocks, including a weak property market, an energy crisis, weak consumer confidence, and soaring raw material costs; A slew of economic data to be released by the Chinese government on Monday will show just how bad things are.
Gross domestic product growth slowed to 5 percent in the third quarter from a year earlier, down from 7.9 percent in the second quarter, according to estimates by economists surveyed by Bloomberg, with industrial production and investment data also weak in September.
Retail sales are likely to increase once the outbreak is contained.
The outlook for the world’s second-largest economy has darkened in recent months after a deteriorating property market and power shortages led factories to cut production or shut down altogether.
Economists are gradually lowering their growth forecasts for this year, and the slowdown is sure to have a knock-on effect on the rest of the world.
“Growth in the third quarter is not good, especially as the low base effect is fading,” said Liu Peiqian, China economist at Natwest Markets in Singapore.
“In the third quarter, the authorities prioritized long-term reform targets and paid less attention to short-term growth targets.”
The National Bureau of Statistics will release economic data for the third quarter and September at 10 a.m. on Oct. 18. Here are some key questions.
Real estate slowdown
To curb financial risks, Beijing is steadily tightening restrictions on the property market, leading to a slump in construction and exacerbating a liquidity crisis for developer China Evergrande Group, widening the impact on the sector.
Reprint indicated source：Spark Global Limited information