At 4.6%, China's Q3 growth weakest since early 2023

China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth.

Authorities have sharply ramped up policy stimulus since late September, but markets are waiting for more details on the size of the package and a clearer road map to put the economy back on a solid longer-term footing.

The world's second-largest economy grew 4.6 per cent in July-September, official data showed, a touch above a 4.5 per cent forecast in a Reuters poll but below the 4.7 per cent pace in the second quarter.