We get Q3 GDP from China today, here is what to expect:
- PREVIEW- China Q3 GDP result is going to be a key market focus
- Preview: Is Chinese GDP a win-win for the Australian dollar?
Reuters is up with a bit of a run-down as well:
- Expected to post its weakest growth since the global financial crisis
- Property downturn weighs on manufacturing and investment
- Raising the heat on Beijing to unveil more stimulus measures.
The market believes Communist Party leaders will tolerate a gradual slowdown as long as there are no signs of a potentially destabilising jump in unemployment, but anything weaker would fuel speculation of major stimulus measures such as an interest rate cut.
–
Makes sense to me!
Note also, the communist party plenum is on in Beijing this week. I find it hard to imagine there will be too much bad economic news published during the 4-day meeting.