China's economy grew at a faster rate than expected in Q3, with GDP growth at 4.9% compared to 6.3% in Q2. Industrial output and retail sales in September also exceeded forecasts. Despite concerns over debt risks and a weak yuan, the government's efforts to spur economic growth have been successful. However, the property sector continues to decline, posing challenges for policymakers. The central bank is expected to implement rate cuts and ease homebuying restrictions. The IMF has downgraded its growth forecasts for China due to the property slowdown.