China's economic momentum is expected to rebound significantly in the fourth quarter, driven by strong fiscal support, according to UBS Investment Bank's chief China economist, Wang Tao.

Wang predicts that annual economic growth could reach around 5 percent, as retail sales and production activity have shown improvement in October. The implementation of new fiscal measures is anticipated to boost China's GDP growth to over 6 percent quarter-on-quarter in Q4, with ongoing support expected to continue into 2025. These policy changes aim to stabilize domestic demand and enhance consumer confidence amidst challenges such as a slowdown in the property market and uncertainties related to US tariffs. Wang emphasized that recent government actions demonstrate a determined effort to strengthen the economy.