China's Economic Growth Slowing in Q3 as Property Slump and Debt Weigh Down Outlook

China's Q3 GDP growth seen slowing to 4.4% from Q2's 6.3% as property downturn and debt drag.

September data expected to show retail sales picking up but factory output slowing.

More stimulus seen as needed to shore up growth and meet 2022 target of around 5%.

Exports declining but at slower pace; lending jumped but deflationary pressures remain.

Constraints on monetary policy easing due to yuan depreciation; fiscal stimulus may help in 2024.