China's Economy Shows Resilience Despite Property Woes

China's GDP expanded 4.9% in Q3 2022, exceeding forecasts and putting annual growth target around 5% within reach

Consumer spending emerging as bright spot, with retail sales up 5.5% in September

Property sector remains weak spot, with real estate investment down 9.1% in first 9 months of 2022

Unemployment dropped to 5% in September, but youth unemployment still high

Economic recovery still fragile due to property market weakness, though fiscal and monetary stimulus continuing