"We are more optimistic on the growth of consumption, property investment, and manufacturing capex [capital expenditure] compared with the consensus view," the report said.
While most Q3 data suggested resilient growth, analysts pointed out some potential areas for concern.
Cao Yuanzheng, chief economist with the Bank of China, said containing financial risks was of vital importance during China's transition from rapid growth to high-quality development with challenges for policy makers including countering debt, shadow banking and asset bubbles.
"A stronger policy focus on financial sector regulation should continue to restrain the growth of shadow banking activities, help mitigate asset
risks for the banks, and address some key imbalances in the financial
system," rating agency Moody's said in a research note.
It noted that the regulatory authorities should maintain financial stability through greater coordination of monetary policy, including measures for liquidity management, with the macro prudential assessment framework, which will be credit positive for the overall banking sector.
【国内英语资讯:Economic Watch: Chinas economy firms on quality growth, better structure】相关文章:
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2020-09-15
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