With GDP growth expected to slide further in the fourth quarter amid ongoing power shortages, a property slump and export headwinds, the government may need to take action

The figure came in below the median estimate for an 8.2% expansion, a sign that the economy’s strong recovery from the Covid-19 pandemic is moderating

Moving to bolster slowing economy amid inflation pressures, PBOC also injects $25.68 billion into the monetary system as economists now project further rate cuts