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GF Securities' Guo Lei: China's Q3 real GDP grew by 4.5% year-on-year, annual growth target under little pressure.
Guo Lei, Chief Economist at GF Securities, noted that China's real GDP grew by 4.5% year-on-year in the third quarter, exceeding expectations. The cumulative year-on-year GDP growth for the first three quarters was 4.60%. Given the low base in the fourth quarter, achieving the annual growth target of 4.5-5.0% no longer faces significant pressure.
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