We’re launching an updated version of our China Activity Proxy this month, alongside an interactive dashboard that gives clients access to the data. Our expanded model suggests that China’s growth so far this year has been weaker than we originally estimated. As a result, we’ve lowered our growth forecast for 2024. That said, activity did expand at a faster pace in October and we still anticipate a decent pick-up in growth in Q4 overall as fiscal spending continues to accelerate.
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