#China GDP for Q3 is out and it came in slightly better than expected at 4.6%. It’s all optics mind you and basically everyone just focuses on the topline data point without looking too much into the details. We are still watching play out the back and forth battle over whether the central government will finally announce some fiscal support. I remain very doubtful.

CNBC

China reports third-quarter GDP growth of 4.6%, slightly beating expectations

Beijing has faced public scrutiny over its ability to meet its own annual growth target of "around 5%."

Grifters gonna grift. Around $20bn of government money was provided to Intel to build chip foundaries. The whole purpose was to de-risk chip manufacturing away from Taiwan and the #China “threat”. Now looks like that was just more waste. CHIPs Act funds were also allocated to Samsung and TSMC for the same purpose. These two groups have already stated that the boundaries will come online two years later than planned. The prospects of re-industrializing locally in the States is a low probability prospect at best.