INSUBCONTINENT EXCLUSIVE:
third-quarter economic growth slowed more than expected to 6 per cent year-on-year, marking its weakest pace in almost three decades, and at
the bottom end of the government's full-year target range of 6.0 per cent-6.5 per cent.
Despite the growing strains on the economy caused
by slowing domestic demand and a trade war with the United States, Beijing remains reluctant to implement major stimulus for fear of
heightening financial risks given already high levels of debt.
China central bank governor Yi Gang reiterated in an article published last
week that China will not resort to quantitative easing and is committed to maintaining a prudent monetary policy.