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Business and Market Discussion / View from Japan

2021-10-19

Business and Market Discussion / View from Japan

2021-10-19
 China's economy slowed more than expected in the third quarter and industrial production and fixed asset investment decelerated at a sharper rate in September as mainland growth was hit by the slowdown in the property sector and the energy crunch. GDP rose 4.9% year-on-year in Q3, slowing from 7.9% in the April to June period and missing economists’ forecasts for growth of 5.2%. On a quarterly basis, economic growth almost ground to a standstill, rising just 0.2%, compared to 1.2% in the second quarter.

Supply chain problems have led to the biggest drop in US factory output in seven months. Industrial production, a gauge of output from factories, mines and utilities, fell 1.3% in September from the previous month, missing expectations for a rise of 0.2%. Manufacturing output fell 0.7%, the biggest drop since February, and followed a revised 0.4% drop in August. A drop in the manufacturing of motor vehicles and parts weighed on factory output “as shortages of semiconductors continued to hobble operations”.

On today’s Money Talk, we’re joined by Samuel Faveur of Mandarin Capital and Will Denyer from Gavekal. With a view from Japan is Tokyo-based author and journalist, William Pesek.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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