BEIJING: China’s economic recovery is expected to regain momentum in the last quarter of the year as monetary supports strengthen and are set to alleviate the cost pressures smaller firms are experiencing and bolster credit expansion, say experts.
“Policy measures to reinforce credit growth will likely be rolled out and alleviate downside economic pressure, which will combine with the easing of transitory disruptions to help the economy gain firmer footing in the fourth quarter,” said Chen Xing, the chief macroeconomic analyst at Zhongtai Securities.