undershot official expectations for growth, adding pressure on policymakers to be more aggressive with stimulus.
Other key sets of data released during the break also signalled that while the broader economy is on the mend, it’s far from roaring back. Some sectors have lost momentum in recent months, and ongoing turmoil within the property sector remains a big drag. “The prosperity and vigour during the holiday shows the Chinese economy’s sustained growth, and its recovery trend,” the newspaper said on Sunday.
Border entries and exits, meanwhile, totalled about 11.8 million over the holiday, just 85 per cent of the corresponding period in 2019, according to the National Immigration Administration.
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