anna ashton.onomy grew faster than expected in the third quarter of the year, helped by a tightjobs market and consumer spending. the economy expanded at an annual rate of 4.9% in thejuly to september period, according to the government's first estimate. it marked the biggest rise since the last three months of 2021. live now to russ mould, investment director, a] bell. it sounds like consumers are driving this, is that the case? that's a pretty fair summary. consumer spending is around two thirds of the us economy, so are the consumer goes, the economy will certainly follow, yet very strong, helped by a good wage growth, more than 4%, also decline in the savings rate so we will need to keep an eye on that because it may not be sustainable and also some fairly heavy credit card use. the other part of the economy, private investment by companies, government spending, they were very strong. the one site detractor was trade where you still have a trade deficit where america is buying more thanit wher

that a pop -- anna ashton good to have you with us. we see de-risking from both sides instead of friendly cooperation for more of these visits? anna: in terms of what we will see in the wake of this continued effort, this diplomatic detente by the biden administration and now a visit from senior leaders on the hill, the reality is there is an entrenched distressed -- distrust where both sides view each other if -- as a strategic competitors if not adversaries. there is limited room for cooperation. this is not returned to a friendly relationship like the first half of the 21st century. at the same time it's a form that is besides are talking as much as they are they have maintained a regular tempo for their meetings. it signals both sides decided to invest in managing the relationship more hands-on and in a more collaborative way. shery: how positive is the fact we have the first congressional visit to china since 2019 at a time when we see more china hawks in washington? anna: it is positive for a couple reasons and significant for a