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via fxstreet.comEconomy

China: Growth Momentum Supports CNY Backdrop, MUFG Says

FROM THE WIRE · FXSTREET.COM

MUFG’s Michael Wan notes China’s Q3 GDP growth firmed to 4.5% year-on-year, slightly above consensus, with September industrial production accelerating and fixed asset investment contractions narrowing.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishChina GDP growth above consensus can support the renminbi and Asian markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01China's Q3 GDP growth firmed to 4.5% year-on-year, slightly above consensus.
  2. 02September industrial production accelerated.
  3. 03Fixed asset investment contractions narrowed.

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