Bloomberg Daybreak: Europe Edition Israel Ceasefire Frays, China’s Slowdown, Sweden's Tight-Lipped Bank
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Oct 20, 2025 John Liu, Greater China Executive Editor at Bloomberg, shares his insights on China's mixed economic signals, highlighting a puzzling 4.8% Q3 growth amidst weak domestic spending. He discusses the significance of the upcoming five-year plan meeting and expectations for targeted policy measures, focusing on technology and consumption rather than broad stimulus. Liu also examines how China's economic stability influences its negotiating stance in U.S.-China talks, especially regarding critical issues like rare earths and soybeans.
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Ceasefire Stability Is Fragile
- Israel launched strikes after accusing Hamas of killing two soldiers, undermining the ceasefire's stability.
- The truce's aim to disarm Hamas faces resistance as militants remain unwilling to meet conditions.
China's Growth Is Diverging Internally
- China reported Q3 GDP growth of 4.8%, the weakest in a year, led by exports and industrial output.
- Domestic spending and investment lag, creating a split economy that complicates policymaking.
Trade Truce Hinges On Strategic Commodities
- US-China trade talks focus on rare earths, fentanyl, and soybeans as key bargaining chips.
- Trump's remarks signal pressure on China ahead of negotiations and potential tariffs remain a leverage point.