China Economics_ Nominal GDP Stayed Subdued

M Update China Economics | Asia Pacific October 18, 2024 06:07 AM GMT Nominal GDP Stayed Subdued Nominal GDP stayed weak, at 4%Y in 3Q. While Beijing's policy pivot could alleviate the downside risk of a deflation spiral, reflation remains a bumpy road, given possibly a modest initial stimulus check and still underwhelming consumption measures. Key Takeaways 3Q nominal GDP stayed unchanged at a subdued 4%Y, on persistent deflation (particularly in the industrial sector). That said, Sept. activity growth bea ...