Guo Lei, chief economist at GF Securities, wrote that the economic data for the third quarter was in line with expectations. The cumulative real GDP ratio for the first three quarters was 4.8%, corresponding to about 5% for the whole year and 5.3% for the fourth quarter, which means that this round of policies should continue to maintain strength and continuity; judging from the latest high-frequency data, actual growth and nominal growth have improved to varying degrees since late September, so it is likely that the third quarter is already at a low point in this round of growth.

Guo Lei, chief economist at GF Securities, wrote that the economic data for the third quarter was in line with expectations. The cumulative real GDP ratio for the first three quarters was 4.8%, corresponding to about 5% for the whole year and 5.3% for the fourth quarter, which means that this round of policies should continue to maintain strength and continuity; judging from the latest high-frequency data, actual growth and nominal growth have improved to varying degrees since late September, so it is likely that the third quarter is already at a low point in this round of growth.