China’s GDP increased by 1.3% q/q and 4.9% y/y in the third quarter of 2023. Based on these numbers, it seems that China’s growth rates have stabilised since the poor development in the spring (GDP increased by only 0.5% q/q in Q2 2023), and growth continues to be in line with our 5% forecast for the whole year. However, it is good to keep in mind that many China analysts’ own estimates indicate that growth momentum is actually relatively weaker in China and the official numbers may overestimate it at the moment. Regarding the sectoral development, consumption and service sector continued to be the ones leading the ... (full story)