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Macro wrap | China’s Q3 econ data: The good, the bad, and the downright ugly

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To read this macro wrap as a PDF, click here.
Exec sum

GDP grew by 4.8% y/y in Q3 – down from 5.2% the previous quarter, and the slowest rate in a year.
Nominal GDP increased a meager 3.7% y/y – the slowest since Q4 2022, when the economy was still reeling from COVID.
Industrial value-added (IVA) g...



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