China’s GDP grew 4.9% yoy in Q3, accelerated from Q2’s 3.2% qoq. Though, that fell short of expectation of 5.2% yoy. On a quarter-on-quarter basis, GDP rose 2.7% qoq, slowed from Q2’s 11.5% qoq.
September’s data were upbeat, nevertheless. Retail sales rose 3.3% yoy, speaking up from August’s 0.5% yoy and beat expectation of 1.8% yoy. Industrial production rose 6.9% yoy, up from August’s 5.6% yoy and beat expectation of 5.8% yoy. Fixed asset investment rose 0.8% ytd yoy, turned positive.
