China's National Bureau of Statistics has published the results of the economy for the 3rd quarter. Year-on-year, growth was 4.5% and, compared to the previous quarter, 1.2%. The official target for the year is in the range between 4.5 and 5% and is likely to be achieved. These figures may seem low compared to past performance, especially before the Covid-19 epidemic, but the size of the Chinese economy is much larger and the increase in absolute value of activity remains very significant.
China is therefore holding up well despite a very unfavourable international environment with rising ...