Michael Pettis: China GDP grows 4.5% in third quarter year on year - Traders Union
Michael Pettis: China GDP grows 4.5% in third quarter year on year - Traders Union
Source: Traders Union
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DW NOTE
China's third-quarter growth of 4.5% arrives amid the sharpest global supply disruption since 2020 — the Strait of Hormuz effectively closed, oil up 7.8% in a week, and high-yield spreads still compressed at 3.23%. If China's economy is decelerating into this environment, it's not growing into strength — it's compounding weakness the moment external conditions demand resilience.