\n\tBy Greg Peel<\/p>\n
\n\tThis month's round of Chinese data have been even more closely watched than previously given the surprise Chinese rate hike this week. Economists had reason to suspect the numbers might come in a bit stronger than they were anticipating, particularly on the inflation front.<\/p>\n
\n\tAs it was, there were few surprises.<\/p>\n
\n\tThird quarter GDP registered 9.6% annualised growth, down from 10.3% in the second quarter, and roughly in line with the 9.5% estimate.<\/p>\n
\n\tThe consumer price index rose to 3.6%, up from 3.5% and in line with consensus.<\/p>\n
\n\tUrban investment fell to 24.5% from 24.8%, below the 24.6% forecast.<\/p>\n
\n\tIndustrial production posted a bit of a miss, falling to 13.3% from 13.9% against a 14.0% forecast.<\/p>\n
\n\tThis number was offset by a surprise in retail sales, which jumped to 18.8% from 18.4% when 18.5% was expected.<\/p>\n
\n\tAll up, the numbers reflect the efforts from Beijing to gradually slow the Chinese economy but also reflect Beijing's concerns over growing inflation. Recent trade balance data showed a reduction in China's surplus, suggesting growing import growth and falling export growth. These numbers have been borne out by the industrial production and retail sales numbers respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
This month’s round of Chinese economic data and the third quarter GDP result came in much as expected.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[58],"tags":[27],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57337"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=57337"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57337\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}