Consumption and factory output figures beat forecasts, but a tumbling property sector remains a major challenge as Beijing races to revitalise growth.

China's economy in the July-September period grew a real 4.6 percent from a year earlier, marking the slowest expansion since the f

China's GDP growth slowed in the third quarter, decelerating to 4.6% YoY from 4.7% YoY, but fared better than both our and consensus forecasts, in part due to a stronger-than-expected rebound of September data. The GDP deflator continued to be quite supportive over the last quarter, adding 0.56 ppt to real GDP growth from the nominal GDP numbers.