Roaring exports lift China’s economic growth; violent French protests put pressure on euro and bonds – business live

The story

Source: The Guardian Business · NewTimes editorial text based on the source feed.

World’s second-largest economy on track to meet Beijing’s 2026 growth target, though consumer spending lags behind factory output Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

Roaring exports lifted China’s economic growth in the third quarter despite lacklustre consumer spending, lagging far behind factory output.

The headline GDP number tells you the economy is still moving forward; the internals tell you the factory floor is doing most of the running while households, property and investment are still somewhere behind looking for their shoes.

Contracting fixed investment and another deep property decline leaves the domestic economy badly out of step with the factory sector. 1.30pm BST: Canada inflation for September 2pm BST: French bond auction