News Snapshot:
China’s economy expanded 4.9 percent year-on-year in the third quarter as industrial growth continues to recover from the country’s coronovirus epidemic. The expansion in GDP missed expectations, but was still ahead with a 3.2 percent growth in the second quarter and represented a sharp turn from the historical decline at the beginning of the year. Reforms in the world’s second-largest economy, halted by a state-backed industrial boom, now show signs of expanding consumption at a time when global growth remains under severe pressure. Industrial production in China grew 6.9 percent in September – its highest level this year and a...
