China’s GDP Growth Missed Consensus. Strong Activity Data Support Renminbi’s Outlook

<p>The latest set of China&#8217;s macroeconomic data is mixed in the headline. GDP growth in the third quarter came in below market expectation. However, major indicators such as industrial production, retail sales and fixed asset investment all beat consensus, confirming recovery is underway. Against this backdrop, we expect PBOC to maintain its policy rates and [&#8230;]</p>
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