- China's economic growth accelerated more than expected in Q3, according to Bloomberg.
- Growth strength raises the odds of reaching Beijing's annual target and reduces the case for additional easing.
- The Guardian reports exports drove the growth gain, with the economy on track to meet Beijing's 2026 growth target.
- Consumer spending lags factory output, a gap that limits the breadth of the growth rebound.
Quotes
“China’s economic growth accelerated more than expected in the third quarter, boosting the odds of reaching Beijing’s annual target and dimming the prospects for additional easing measures.”
“consumer spending lags behind factory output”