China's Economy Shows Signs of Stabilization Despite Ongoing Property Sector Woes

China's Q3 GDP growth of 4.9% exceeded forecasts of 4.6% and was stronger than Q2 growth of 6.3%.

September data showed better-than-expected industrial production growth of 4.5% and retail sales growth of 5.5%.

Property sector remains a drag with 9.1% decline in investment in Jan-Sep period.

Top leaders described economic recovery as "tortuous" despite stabilizing signs in recent data.

Country Garden at risk of default on $11 billion debt amid real estate sector crisis.