China: Growth rebound supports 2026 outlook – Standard Chartered

Standard Chartered economist Hunter Chan notes that China’s Q3 GDP rose 1.2% q/q and 4.5% y/y, helped by robust exports and AI-related industrial demand, while household consumption stayed soft. The bank keeps its Q4 and full-year 2026 GDP growth forecasts at 4.7% and 4.6%. It also cuts its 2026 CPI forecast to 0.9% but expects higher PPI inflation.