From the National Bureau of Statistics in China following the GDP data (and more)
- Economy clearly steady situation
- Economy sees more positive signs
- Employment better than expected
- Consumption contribution to economy is increasing
- China property curbs timely, effective, cool market, lead to lower price in some cities
- Ultimate goal of property curbs to support economy
- Yuan depreciation has brought pressure in shirt term
- Yuan has no fundamental to depreciate in medium, long term. Recent devaluation due to more to global situation.
(via Bloomberg)
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- Capital formation accounts for 36.8% of China's January - September GDP growth
- Net exports account for -7.8% of January - September GDP growth
- Rising prices of industrial products, profits partly due to supply-side reforms, these will unwaveringly push forward
- Property sector contributed 8% to January - September GDP growth
(via Reuters )
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The newswires have some response posts up on the web if you'd like a recap:
- Bloomberg: China GDP Remains Steady as Domestic Drivers Underpin Growth
- Reuters: China third quarter GDP grows 6.7 percent, in line with expectations
- Fast FT also: Chinese industrial output softens as private investment growth rises
Also:
Commerzbank says that the weaker IP may prompt further yuan devaluation from the PBOC
- Fiscal stimulus may be limited
- Further monetary easing also difficult - thus a weaker yuan