Wang Tao: China’s Third-Quarter GDP Growth Beat Expectations but Paints a Mixed Picture

China’s third quarter GDP growth picked up to 3.9% year-on-year from 0.4% in the previous quarter. Photo: VCG

China’s third quarter GDP growth picked up to 3.9% year-on-year from 0.4% in the previous quarter, with sequential momentum rebounding by 16.5% quarter-on-quarter seasonally adjusted annual rate (SAAR). With generally more relaxed Covid controls than the second quarter and improving supply chain conditions, domestic investment and consumption improved in July through September.

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: Wang Tao

Wang Tao is the head of Asia economics and chief China economist of UBS Investment Bank.

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