MNI DATA IMPACT: China Q3 GDP 6% Y/y, Lowest On Record

     BEIJING (MNI) - China's Q3 GDP decelerates to 6% y/y from Q2's 6.2%,

posting the slowest pace of growth since records began in the first quarter of

1992, according to Wind Information. The result missed the market consensus of

6.1%.

     While GDP eased, one brighter spot in September is the

stronger-than-expected rebound in industrial activities. Fixed-asset investment

growth slowed marginally while consumption slightly improved, data released by

the National Bureau of Statistics on Friday showed. Here are key points MNI

highlights from the data:

     -- Industrial output growth jumped to 5.8% y/y from August's 4.4% gain,

hitting a three-month high, surpassing the 4.9% projection.

     -- Fixed-asset Investment recorded 5.4% growth y/y, edging down from 5.5%

in the Jan-August period and underperforming the 5.5% median forecast.

     -- Property investment growth remained flat at 10.5% y/y from the

Jan-August period. Infrastructure investment grew by 4.5% y/y, accelerating from

the 4.2% gain in the first eight months.

     -- Retail sales rose 7.8% y/y, edging up from August's 7.5% to register a

three-month high. This was in line with the market consensus of 7.8%.

     -- The surveyed unemployment rate, as well as the jobless rate in the 31

biggest cities remained flat at 5.2% y/y from August, lower than the target of

'around 5.5%'. 

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

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