Roaring exports lift China’s economic growth; violent French protests put pressure on euro and bonds – business live
The Guardian · · g1816670
World’s second-largest economy on track to meet Beijing’s 2026 growth target, though consumer spending lags behind factory output Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Roaring exports lifted China’s economic growth in the third quarter despite lacklustre consumer spending, which lagged far behind factory output. The headline GDP number tells you the economy is still moving forward; the internals tell you the factory floor is doing most of the running while households, property and investment are still somewhere behind looking for their shoes. Contracting fixed investment and another deep property decline leaves the domestic economy badly out of step with the factory sector. 1.30pm BST: Canada inflation for September 2pm BST: French bond auction Continue reading...