China’s economy remains on track to meet expansion targets despite a 4.8% growth rate in the third quarter. A boost from booming exports helps offset a broader slowdown, with policymakers considering delaying a rate cut. Retail sales slow, while industrial output unexpectedly rises. China’s stocks rise after the data release.

Investment in China weakens, with infrastructure and manufacturing showing a slowdown. The Ministry of Finance allows provinces to use $70 billion in unused bond quota to boost fiscal health. Nominal GDP growth slows to 3.7%, indicating a decline in economy-wide prices. Government plans to focus on stabilizing employment and promoting sustained economic growth.

The upcoming Fourth Plenum in Beijing may reveal plans for the next five years, including a shift towards domestic consumption to balance the economy. China has increased spending on education and employment, signaling a focus on consumption post-US elections. Eyes are on President Xi Jinping’s policies to rebalance the economy and mend trade imbalances.

Read more at Yahoo Finance: China Says Economic Goal in Reach Despite Weakest Growth in a Year