Q3 growth ups hopes of meeting full-year target

China's stronger-than-expected 4.6-percent economic expansion in the third quarter has bolstered the confidence in the world's second-largest economy of achieving its full-year growth target, with growth momentum to further accelerate in the rest of the year, officials and analysts said.

Large-scale government bond issuances may work with more liquidity injection as early as November to drive near-term growth, analysts said, while urging policymakers to focus more on reversing the lingering tepid consumer confidence to address medium-term growth challenges.

David Chao, Invesco's global market strategist for the Asia-Pacific region (excluding Japan), said: "Given the recently announced stimulus measures, I'm confident that economic growth is likely to accelerate in the fourth quarter, which is likely to boost full-year 2024 growth above the 5.0 percent level."