Reuters have collated a few of the analysts comments on the China data

Earlier posts:

Some snippets via Reuters:

CBA:

  • overall GDP growth for the quarter at 6.5 percent is bang in line with the Chinese target for the end of the year
  • slowest since 2009, but it's a little bit mixed underneath and the consumer side looks a bit more positive than perhaps people expected
  • We had certainty seen a weakening in net exports.
  • There has been some front-loading with regard to exports in advancement of tariffs.
  • full impact of tariffs probably won't come through until 2019

OCBC

  • front-loading is still happening ahead of the tariffs and this is a continuing story
  • It doesn't show the full impact of the trade war
  • 2019 will be the year where we see the full brunt of the U.S. tariffs … downside risk is that growth may drop below 6 percent

NAB

  • China is pulling on all the levers to support domestic demand in the face of this trade pressure
  • a big acceleration in lending underway
  • "On the yuan, they fixed it firm today given the move in the dollar. Clearly they don't want to let it go in a rush. We suspect they will let it past 7.00 in the first half of next year, if only because widening rate differentials with the U.S. will be dragging on inward investment."