Market News

    China's economy shows strength with 4.9% Q3 growth and yuan stability

    China's economic indicators are signaling robust health as the People's Bank of China (PBOC) reports a solid third-quarter GDP growth of 4.9%. This performance is key to achieving the nation's economic targets, leveraging both cross-cyclical and counter-cyclical measures. The PBOC's annual report, released Monday, underscores the central bank's commitment to maintaining the yuan's stability while embracing market-oriented reforms.