News / China Q3 growth a blip: Covid still a drag on productivity and recession looms

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China has announced better-than-expected GDP growth for Q3, helped by “resilient” exports.

However, with President Xi cementing his grip on power with a record third five-year term during the recent party congress, the zero-Covid policy weighing down China’s long-term economic outlook is unlike to change, experts say.

China’s economy grew 3.9% in Q3, up from 0.4% in Q2, boosted by a 5.7% year-on-year export increase in September, in US dollar terms, but this was down from 7.1% growth in August.

Julian Evans-Pritchard, senior ...