Key facts
- China's Q3 GDP grew 4.5% year-over-year.
- September exports surged 36.3% in dollar terms.
- High-tech manufacturing expanded by 14.3%.
- Chinese equities experienced a two-week contraction.
Despite robust economic data showing a 4.5% year-over-year GDP growth in the third quarter, a 36.3% surge in September exports, and 14.3% expansion in high-tech manufacturing, Chinese equities have undergone a significant two-week contraction. This divergence suggests that stabilizing the stock market will require more than just ETF buying.