China's growth slows to 6% in third quarter, weakest in 27 years

13 Sept 06:11 Key points summarised by AI

China's economy expanded by 6.0% in the third quarter, marking its slowest growth in 27 years, primarily due to the US trade war and cooling domestic demand.
The significant slowdown intensifies global economic concerns and puts pressure on Beijing to implement further stimulus measures to support growth.
Despite a 'phase one' trade deal with the US offering a temporary reprieve, it does not reverse existing tariffs, indicating continued challenges for China's economic outlook.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.