Logo 19 Oct 2020

China’s consumer is MIA

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It’s that time again: China’s stats bureau published the Q3 GDP results this morning.

The upshot? Meh.

China’s GDP increased 4.9% y/y in real terms in Q3.That’s better than 3.2% in Q2 but was below expectations of 5.5% y/y growth.

Both in real and nominal terms, the economy is st...