Economic growth data from China for the July - September quarter
Gross Domestic Product (YoY) (Q3) +4.8%, in line with the consensus expectation
- expected +4.8%, prior +5.2%
Gross Domestic Product (QoQ) (Q3) +1.1%, beating expectations
- expected +0.8%, prior +1.1%
The y/y rate is the slowest in in a year. The ongoing property slump and trade tensions are hurting demand. Pressure remains on policymakers to pump out further stimulus to bolster momentum.
