China's Economy Shows Signs of Recovery in Q3 But Property Woes Remain

China's Q3 GDP grows 4.9% y/y, beating forecasts of 4.4% growth.

Industrial output and retail sales in September beat expectations.

Stimulus measures appear to be taking effect, but more may be needed.

Property downturn poses challenges despite signs of recovery.

IMF downgrades China's 2023 and 2024 growth forecasts due to property slowdown.