Chinese authorities have finally released the GDP data that was originally set for release on October 18th but delayed without any explanation. The latest data showed a rebound in Chinese economy at a faster than expected pace in the third quarter. A long and huge blockage at post Covid era, deep Property crises and global recession still remains as the biggest challenges for China. Data said it rose 3.9 % in Jul-Sep quarter versus expected 3.4 % though China facing multiple challenges at home and abroad and China economy shows mixed recovery and the risks include Covid curbs, property crisis and a global recession.
China’s communist party has their 20th national congress from October 16th till October 22nd where Mr. Xi Jinping is to be elected for the next five years and he made the history to be elected for the third time after the chairman Mao Setun.