China's economic growth is expected to be unchanged in the fourth quarter of this year, but an improvement is still distant due to property weakness and excess capacity, according to the latest report from UBS.
The Swiss banking group estimated growth for the fourth quarter of 6.9 percent year-on-year, bringing 2015 growth to between 6.9 percent and 7 percent.
"November's data release confirms that China's real economy is stabilizing tentatively at low levels, but the continued worsening of property volume construction activity means that we are far from seeing a fundamentals-driven rebound," said the report.
