0552 GMT - The improvement in China's monthly economic-activity data is likely to persist as policies stay accommodative, CCB International analysts Li Cui and Huiting Yan say in a research note. Fiscal spending should accelerate in 4Q and catch up with annual objectives, financed through debt proceeds and budget adjustment funds, the analysts say. Continued policy support and still-positive global trade are likely to boost annual growth to the government's 2024 target of 5.0%, the CCB analysts say. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
November 18, 2024 00:52 ET (05:52 GMT)
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