China's National Bureau of Statistics (NBS) deputy chief comments:September economic indicators showed positive changesChina's foreign trade situation this year better than expectedFoundation for economic recovery not solid yetWill speed up implementation of a basket of policy measures The data from China today began with that showing new home prices fell at the fastest rate since 2015:China September new house prices -5.7% y/y (prior -5.3%)China's 3Q GDP:China Q3 GDP 4.6% y/y (expected 4.5%) 0.9% q/q (expected 1.0%) slightly better than expected y/yRetail sales much better than expected, and industrial output also:China Sept: Retail sales +3.2% y/y (expected +2.5) Industrial product
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