{"id":92378,"date":"2024-10-18T11:42:39","date_gmt":"2024-10-18T08:42:39","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=92378"},"modified":"2024-10-18T11:43:58","modified_gmt":"2024-10-18T08:43:58","slug":"chinas-q3-gdp-rate-slows-down","status":"publish","type":"post","link":"https:\/\/www.smartchinaeducation.com\/ru\/chinas-q3-gdp-rate-slows-down\/","title":{"rendered":"China\u2019s Q3 GDP rate slows down"},"content":{"rendered":"

Today\u2019s Asian session had a surprise for FX traders, as China\u2019s GDP rate slowed down. The release highlighted the distance of economic reality with the Chinese government\u2019s target of a 5%yoy GDP rate. Calls for a wider stimulus by the Chinese Government and its central bank tended to gain further traction and uncertainty may have been enhanced. There is still a positive aspect in the release as the market may have been expecting a wider slowdown of the GDP rate. Furthermore, we note that the retail sales growth rate for September accelerated, in a positive signal for the internal demand side of the Chinese economy, as did the industrial output growth rate in a signal of increased economic activity in the sector. Finally, the Urban investment growth rate failed to slow down, in a sign of how the construction sector in China despite its problems, hasn\u2019t given up. We turn our attention to Monday\u2019s Asian session, as we get from China, PBoC\u2019s interest rate decision. The big question mark is whether the bank will give into markets\u2019 pressure and lower interest rates with special highlight being set on the loan 1-year and loan 5-year rates or not. A possible easing of the bank\u2019s monetary policy could weigh on the Yuan somewhat, yet at the same time may improve the market sentiment and support riskier assets such as equities and commodity currencies such as the AUD.<\/p>\n\n\n\n

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