China's Q4 GDP May Slow To 3.9%: Herald

China's economic growth may slow to 3.9% in Q4, possibly followed by a 5.1% rebound in Q1 2022, given sporadic Covid-19 outbreaks, increased commodity prices, a power crunch, declined auto production and sales amid chip shortages, and other factors, the 21st Century Business Herald reported citing Liu Yuanchun, vice president of Renmin University. Liu expects the downward pressure will be greatly eased next year with the repositioning of macro policies and the full implementation of the 14th Five Year Plan. He expects 2022 GDP may register 5.5%, slightly higher than the country's potential growth rate, the newspaper said. Liu also noted that the full liberalization of epidemic controls in Western countries next year may lead to supply chain readjustment and largely impact China's imports and exports, while the Fed's gradual monetary tightening will also bring uncertainties, the newspaper said.