When China coughs, the whole world catches colds.
The slowdown in the world's second-largest economy was expected.
But its confirmation helped to precipitate in the red, Monday, the large international stock markets.
According to official figures, Chinese growth in the third quarter decelerated to 4.9% year-on-year, after 18.3% and 7.9% in the first and second quarters.
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If we compare to the previous quarter, China's GDP grew by only 0.2%.
Since the first publication of these quarterly statistics in 2011, it is, apart from the first quarter of 2020 (- 9.5%), where the outbreak of the Covid had stopped activity, the worst performance.
And yet, the official Chinese figures are still questionable.
This is why different economic institutes concoct their own indices to better measure activity, based in particular on electricity consumption or freight data.
The “in-house index” of the Capital Economics firm,
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