&ldquo Previously, we had downgraded our gross domestic product forecast out of policy disappointment,&rdquo the economists said, adding that since the end of August, policy momentum had &ldquo exceeded expectations clearly&rdquo due to some property easing measures.

The most recent poll of economists by Bloomberg showed a median forecast for growth of 5 per cent for the year &ndash in line with the official goal. This is, however, in part because many firms have been downgrading their expectations for the economy as a property crisis drags on activity.

While recent data has indicated that some sectors of China&rsquo s economy, such as factory activity,  are stabilising,  the recovery remains precarious. Economists have pointed to concerns about domestic demand and job market pressures, along with ongoing troubles in the real estate market.