Tuesday, October 20, 2015

China: growth still there - TDS

FXStreet (Guatemala) - Analysts at TD Securities noted the Chinese data at the start of the week with growth remaining at the upper-end of the expectation range.

Key Quotes:

"So the China bears will continue to be served a palatable meal for as long as the rebalancing continues or new/better indicators tracking consumer activity are introduced. These pessimists can also find good arguments in the re-acceleration in credit growth in Q3, which is the economic cost to stabilize growth at around 7%.

Whatever conclusion you come to, China is still there and growth remains at the upper-end of the expectation range. This should support moderate optimism in the coming days, although it may not be enough to improve the commodity outlook and that of the commodity exporting economies."
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