China's GDP Growth Surpasses Expectations Amid Policy Stimulus Efforts

China's GDP growth in the first three quarters of the year exceeded expectations, reaching 4.8 percent.

UBS has revised its economic outlook upward due to the introduction of measures by Beijing to support the real economy.

Thomas Fang, Head of China Global Markets at UBS, emphasized the importance of early and substantial stimulus in discussions with Chinese regulators.

These policy changes are seen as crucial for enhancing growth, improving financial market performance, and stabilizing the property market.

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