ECONOMIC UPDATE

 



CHINA ECONOMY

·    China GDP for July to September 2021 came 4.9%

·    Last quarter it was 7.9% (Lowest GDP in last one year)

·   That marked a further deceleration from the 18.3% expansion in the first quarter,  when the year-on-year growth rate was heavily flattered by the very low comparison seen during the COVID-induced slump of early 2020.

·   A Reuters poll of analysts had expected GDP to rise 5.2% in the third quarter.


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