Comments from the Stats bureau following the data dump out of China half an hour ago:
- China Sept data for Industrial Production, retail sales and investment
- China Q3 GDP 6.5% y/y (vs. expected 6.6%)
Headlines via Reuters::
- Economic fundamentals remain sound even as downward pressure rises
- External environment will create uncertainties for China's efforts to stabilise growth
- China will keep economic growth steady
- Trend of consumption upgrading continues, sees more constrains on consumption
- Expect infrastructure investment growth to stabilise
- Will watch for impact from China - US trade frictions on employment
- Will be able to reach the full-year growth target of around 6.5% in 2018
- Able to maintain steady economic growth in 2019
On the "Will be able to reach the full-year growth target of around 6.5% in 2018". You bet they will. The targets in China come with an 'or else' tacked onto the end of them
