China: Q3 GDP remained stable at +6.7% y/y - TDS

Research Team at TDS, notes that China’s Q3 GDP remained stable at +6.7% y/y ,unchanged from Q1 and Q2 and in line with mkt expectations.

Key Quotes

“September data was solid with retail sales and fixed assets as expected at +10.7%/yr and +8.2% respectively, but industrial production was weaker at 6.1% (vs cf 6.4%), a slightly downward tilt, defying upbeat Sep PMIs.”