China economy bounces back, but spending numbers a concern


Source: agbrief.com agbrief.com

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While most of the world continues to grapple with the economic fallout from Covid-19, figures released Monday indicate China has left the worst of the pandemic behind, with gross domestic product growth of 4.9 percent in Q3. No other industrialized country is likely to come anywhere near this level of growth this year, with most expected to report deep contractions. There are indications also that economic activity has accelerated into the fourth quarter, with the key Golden Week holiday giving another shot in the arm. There were a total of 637 million trips taken over the eight-day holiday. However, we’re...