Daily Memo: China’s Uneven Recovery

The economy grew but fell short of expectations. Meanwhile, India demonstrates how suspicious it is of China.

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China’s economy falls short. China’s economy grew an estimated 4.9 percent year over year in real terms in the third quarter, according to official figures, leading the global recovery but falling slightly short of expectations. The main driver was industrial production, which grew 6.9 percent in September alone. But Chinese consumption is still a mixed bag, and recovery is still uneven. India stands its ground. Indian troops detained a Chinese soldier in the Himalayan state of Ladakh on Monday after he had strayed across the de facto border in the disputed region. The soldier reportedly will be returned shortly. Meanwhile, India’s foreign minister threw his support behind the “Quad,” the loose coalition of India, Australia, Japan and the U.S. meant to curb Chinese ambitions in the Indo-Pacific. Related: India formally invited Australia to join the annual Malabar naval exercises. Erdogan lashes out. Turkish President Recep Tayyip Erdogan accused Russia, the United States and France – the co-chairs of the Organization for Security and Cooperation in Europe – of supplying Armenia with weapons in its standoff with Azerbaijan in Nagorno-Karabakh. He also accused Armenia of violating the cease-fire put into place on Sunday. Protests in Belarus. More than 15,000 Belarusians participated in a […]

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