Asian shares outside Japan turned positive on Monday, after China’s third-quarter gross domestic product (GDP) beat market expectations.
The world’s second-biggest economy expanded 6.9 percent on-year in the July-September quarter, official data showed on Monday, compared with the prediction of 6.8 percent by Reuters.
Meanwhile, industrial production rose 5.7 percent on-year last month, a tad weaker than Reuters’ expectations for a rise of 6.0 percent and August’s 6.1 percent gain.
Annual retail sales growth came in at 10.9 percent in September, slightly above the prediction of 10.8 percent. Fixed-asset investment (FAI) – seen as a crucial driver of China’s economy – slipped to 10.3 percent in the first nine months of 2015, from 10.9 percent in January.
Via CNBC
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Alfonso Esparza