China's Economy Grows in Q3 but Property Woes and High Debt Cloud Outlook

China's economy grew 4.9% in Q3 2022, beating projections, but property sector troubles continue to weigh on growth.

Real estate giant Country Garden risked default after missing bond payments, following Evergrande's bankruptcy.

High borrowing levels of local governments and inefficient infrastructure projects are concerning.

Foreign direct investment in China continues to decline due to domestic political instability.

Lack of confidence in the economy under Xi Jinping may be limiting impact of stimulus efforts.