1/4
The National Bureau of Statistics has just released China’s Q3 data and GDP grew 4.9% year-on-year in 2021 Q3, down sharply from 7.9% and 16.3% in Q2 and Q1. This was a little less than already-weak expectations.
stats.gov.cn/english/
The National Bureau of Statistics has just released China’s Q3 data and GDP grew 4.9% year-on-year in 2021 Q3, down sharply from 7.9% and 16.3% in Q2 and Q1. This was a little less than already-weak expectations.
stats.gov.cn/english/
2/4
China's quarter-on-quarter GDP growth rate was 0.2% in Q3, compared to 1.2% in Q2 and 0.2% in Q1. It’s very difficult to get the Y-o-Y growth rates provided by the NBS to reconcile with their Q-o-Q growth rates, but I’d guess...
China's quarter-on-quarter GDP growth rate was 0.2% in Q3, compared to 1.2% in Q2 and 0.2% in Q1. It’s very difficult to get the Y-o-Y growth rates provided by the NBS to reconcile with their Q-o-Q growth rates, but I’d guess...
3/4
that Q4 GDP would have to be 0.6-1.3% higher than Q3 GDP for the full year’s GDP growth rate to hit 8%.
For the first nine months of the year, industrial production was up 11.8% over 2020 and 6.4% a year over 2019.
that Q4 GDP would have to be 0.6-1.3% higher than Q3 GDP for the full year’s GDP growth rate to hit 8%.
For the first nine months of the year, industrial production was up 11.8% over 2020 and 6.4% a year over 2019.
4/4
Retail sales were up 16.4% over 2020 and 3.9% a year over 2019. Although consumption has partially reversed its disastrous performance last year relative to production, in other words, it is still seriously lagging over a 2-year period.
Retail sales were up 16.4% over 2020 and 3.9% a year over 2019. Although consumption has partially reversed its disastrous performance last year relative to production, in other words, it is still seriously lagging over a 2-year period.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
