China reported 6.9% Q3 growth yesterday

The state-run media features some soothing articles about growth after it missed the government target. Still, it was better than the 6.8% economists expected.

  • Xinhua: Don't worry about lower-than-7% growth
  • Xinhua: Officials say economic fundamentals unchanged
  • 21st Century Business Herald: China's slowdown will continue until producer prices begin a sustained rise, according to a researcher.

What we're watching for is a signal that more stimulus in the way of rate cuts is coming.