Welcome to our exchanges of Goldman Sachs markets update for Friday, September 25th.

Each week we check them with a leader across the firm to get a quick take on what they're watching in markets.

I'm Jake Seeward, Global Head of Corporate Communications here at the firm.

Joining us today, we have a frequent guest of the program, Jen Roth, who heads of

emerging markets international sales in our global markets division.

Jen, welcome back to the program.

Thanks, Jake, it's great to see you as always.

Let's start with China.

China's always looms large when we talk about these markets the economy there's

rebounding pretty quickly a lot quicker than many expected after the

pandemic and a lot faster the most developed economies what's driving the

growth there and what's the outlook?

Yes, so look, there are three key reasons why China's economy has really

rebounded a lot more quickly from the pandemic.

The biggest reason is simply that China was left relatively unscathed,

given they had a much lower COVID caseload early on

and were much quicker in shutting down their economy.

This allowed them to restart their economy

a lot more quickly, which is reflected very clearly

in the recent strong data prints we've seen. In addition, they've had the ability to

implement fiscal stimulus directly and effectively through infrastructure build-out. And finally,

the world's recovered a lot more quickly than the dire forecast from a few months ago which has really

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