Analysis: China's Q3 GDP.

10 minutes

So last night the PRC announced that their Third Quarter Gross Domestic Product grew at a 4/9% rate. Mildly disappointing to the Chinese markets, and mildly below the expected 5.2% growth.

But in the scheme of things, not a bad number. It shows that the Chinese economy is now fully back on track, with a solidly positive growth rate. And further, than China is already back to nearly break even, in turns of economic growth for the year. And should show positive growth when the final GDP numbers are released for the year.

You might note, however that although the US will show a much larger Third Quarter Growth, is estimates are correct, this still may not bring the US as close to break even as the Chinese. This is because the US decline last quarter was about 50% greater than the Chinese, and so the US has farther to come back.

More episodes from David Reavill

How you can listen to this podcast

You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.

Recommended apps
Start listening to What A New Lock-Down Would Mean For Workers.
6:05
Start listening to What A New Lock-Down Would Mean For Workers.
6:05