(More preview) Cooling China GDP growth likely to raise heat on policymakers via ForexLive

We get Q3 GDP from China today, here is what to expect:

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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.

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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.

posted via ForexLive