Group 1 - The Japanese economy contracted more than initially reported for the July to September quarter, with a revised annual GDP decline of 2.3%, exceeding economists' expectations of a 2.0% drop and the initial estimate of 1.8% [1] - On a quarterly basis, GDP fell by 0.6%, compared to economists' forecast of a 0.5% decline and an initial estimate of a 0.4% decrease [1] - Private consumption, which accounts for over half of Japan's economy, saw a slight month-on-month increase of 0.2% in October, higher than the initial estimate of 0.1% [1] Group 2 - Capital expenditure, an indicator of private demand, decreased by 0.2% quarter-on-quarter in the third quarter, contrasting with the initial estimate of a 1.0% increase [1]

每经AI快讯，12月8日消息，日本第三季度GDP折合年率-2.3%。 ...

Core Insights - Consumer spending increased in September, indicating a likely strong economic growth in the third quarter [1] Group 1 - The rise in consumer spending is expected to be a precursor to robust economic growth [1]

Although the overall market is flat today, some momentum names staging a strong comeback such as quantum computing stocks and the Buzz ETF. So, are investors once again willing to take on riskier parts of the markets. Joining me now is Paulson Perspectives author Jim Pollson and Ariel Investments vice chairman Charlie Babrinskoy.Guys, welcome. Jim, you're concerned about economic growth here. What what's the impact potentially in the markets.Yeah, I I think that um I think the economy is fairly weak awardly ...

Learn which countries are among the top 25 economies in the world. The United States has had the largest GDP for over a century, but China's has grown rapidly. https://t.co/h9MBmZDOBd ...

Group 1 - Economic data, originally a tool for understanding the economy and formulating macro policies, has become a goal in itself, primarily aimed at boosting GDP [1] - The majority of economic statistical indicators, including GDP, were invented post-World War II, rooted in Keynesian macroeconomic theory [1] - Historical economic systems, such as China's self-sufficient agrarian economy, did not generate GDP as it is understood today, since GDP relies on market transactions [2] Group 2 - Recent adjustments to U.S. non-farm payroll data revealed a downward revision of 910,000 jobs, indicating a significant discrepancy in employment statistics [4] - The U.S. GDP grew from $21.1 trillion in 2020 to $29.7 trillion in 2024, a 41% increase, while China's GDP rose from $14.7 trillion to $18.9 trillion, a 29% increase, leading to a decrease in China's global GDP share [5] - The Consumer Price Index (CPI) in the U.S. increased by a cumulative 23% from 2020 to 2024, compared to only 6% in China, necessitating adjustments to GDP comparisons between the two countries [7] Group 3 - Real GDP growth, which excludes price changes, is a more accurate measure of economic performance, revealing that from 2020 to 2024, the U.S. actual GDP was approximately $23.8 trillion while China's was about $18.3 trillion, indicating a 7 percentage point increase in China's GDP share [8][10] - The article suggests that the manipulation of economic data serves to maintain public confidence and uphold national prestige, particularly in the context of U.S. economic statistics post-pandemic [10]

Economic Data & Analysis - The US Commerce Secretary suggests that the Democratic shutdown, rather than tariffs, negatively impacted private sector job numbers and small businesses [3] - Deportation policies are also cited as a factor suppressing private job numbers, with an expectation of rebalancing and regrowth [4] - The US Commerce Secretary anticipates a superb GDP growth exceeding 4% next year, driven by construction projects [4] - The US Commerce Secretary claims prices remain stable unless tariffs exceed 15%, with suppliers and distributors absorbing the costs [6] - Inflation is reported to be below 3% [6] Trade & Tariffs - The report suggests tariffs are not the primary cause of economic concerns [3][6][7] - Some businesses are struggling with tariffs, higher costs, and uncertainty [5] - Factory activity shrank in November, with tariffs cited as a reason in a manufacturing report [5] Future Outlook - The US Commerce Secretary predicts significant growth in factory construction and AI building next year [7] - Plans to reduce the price of power in America are expected to further stimulate the economy [8]

South Africa's GDP increased 0.5% in the three months through September https://t.co/a9ymY4fgSX ...

Core Insights - The economic landscape of China's prefecture-level cities is undergoing subtle adjustments, with notable changes in the GDP rankings for the first three quarters of 2025, driven by policies supporting regional coordination and new productivity cultivation [1][5] Group 1: GDP Rankings and Growth Rates - Suzhou remains the top city with a GDP of 19,930.21 billion, showing a growth rate of 7.83% compared to the previous year [3] - Quanzhou has surpassed Nantong to claim the third position with a GDP of 9,812.31 billion, achieving a growth rate of 6.35%, which is 2.37 percentage points higher than Nantong's 3.98% [4][5] - Linyi has reached a significant milestone by exceeding a GDP of 5,000 billion for the first time, recording 5,150.06 billion with a growth rate of 6.72% [5] Group 2: Key Drivers of Economic Growth - Quanzhou's growth is attributed to its strategic location as a core area of the Maritime Silk Road and advancements in the textile industry, including a project that improved order response speed by 40% [4] - Yancheng's 6% growth is driven by its position as the largest offshore wind power base in China, with a significant contribution from a local wind turbine manufacturer [5] - Linyi's economy is bolstered by a dual focus on commerce logistics and digital economy, with a robust online wholesale market and a comprehensive logistics network [5] Group 3: Other Notable Performers - Jinhua leads with a remarkable growth rate of 17.21%, fueled by the explosive growth of cross-border e-commerce in Yiwu [7] - Wenzhou and Tangshan also show double-digit growth, driven by innovation in the private sector and upgrades in traditional industries, respectively [7] - The rankings reflect the dynamic nature of local economies, emphasizing the importance of strategic positioning in terms of location, industry, and policy [7]

Report Industry Investment Rating No relevant content provided. Core Views - Overseas, the US economy still shows resilience, with the GDPNow model predicting a 3.9% annualized quarterly GDP growth rate in Q3, driven by personal consumption and net exports. Consumption momentum is slowing, and attention should be paid to the released CPI and non - farm payroll data. Driven by rising interest - rate cut expectations and Russia - Ukraine peace - talk expectations, overseas risk assets generally recovered last week [2]. - Domestically, the November PMI and October industrial enterprise profits further confirm the weakening of the economic fundamentals in Q4. The manufacturing PMI is 49.2, remaining in the contraction range for eight consecutive months. The construction and service industries are also in the contraction range. October industrial enterprise profits declined, with manufacturing and public utilities being the main drags. A - shares had a weak rebound with shrinking volume last week, and short - term shocks are expected to be weak [3]. Summary by Directory 1. Overseas Macro - **US Retail in September**: US retail sales were weaker than expected in September. Retail sales increased 0.2% month - on - month (expected 0.4%, previous 0.6%), and core retail sales increased 0.3% month - on - month, in line with expectations. Durable goods consumption was divided, and non - durable goods still showed some resilience but with obvious structural differences [4][5]. 2. Domestic Macro - **October Industrial Enterprise Profits**: From January to October 2025, industrial enterprise revenues were 113.37 trillion yuan, with a 1.8% year - on - year increase. Total profits were 5950.29 billion yuan, a 1.9% year - on - year increase, significantly lower than September's 3.2%. The single - month profit growth rate in October dropped to - 5.5%. Upstream mining profits decreased less, while mid - and downstream profits cooled significantly. Enterprises were accumulating inventory, and profit margins were the main drag on profits [9][10]. - **November Manufacturing PMI**: The November manufacturing PMI was 49.2, still in the contraction range. Supply and demand improved synchronously, with external demand improving significantly. Prices rose, and finished - product inventory decreased. The service industry's prosperity declined, and the construction industry was still struggling [12][13]. 3. Performance of Major Asset Classes - **Equities**: A - shares, Hong Kong stocks, and overseas equities showed different trends last week. For example, the Wande All - A Index rose 2.90%, the Shanghai Composite Index rose 1.40%, and the Nasdaq Index rose 4.91% [23]. - **Bonds**: Yields of domestic and overseas bonds changed last week. For example, the 1 - year Chinese Treasury bond yield decreased by 0.42 basis points, and the 2 - year US Treasury bond yield decreased by 4.00 basis points [26]. - **Commodities**: Commodity prices generally rose last week. For example, the South China Commodity Index rose 1.99%, COMEX gold rose 4.34%, and COMEX silver rose 14.37% [27]. - **Foreign Exchange**: The US dollar index declined, and exchange rates of major currencies against the RMB changed. For example, the US dollar against the RMB decreased by 0.43% [30]. 4. High - Frequency Data Tracking - **Domestic**: The report provides charts of high - frequency data such as the congestion index of 100 cities, subway passenger volume in 23 cities, and commercial housing transaction area in 30 cities [32]. - **Overseas**: The report provides charts of high - frequency data such as Redbook commercial retail sales and unemployment insurance claims in the US [37]. 5. This Week's Important Economic Data and Events - This week, important economic data and events include China's November RatingDog manufacturing PMI, euro - zone November CPI, and US November ISM manufacturing PMI [46].