Overview
- Real estate development investment fell 13.9% year on year in January–September, underscoring the sector’s continuing drag on the economy.
- Consumer prices declined 0.3% in September from a year earlier, with pork down 17% and subtracting about 0.26 percentage point from headline inflation.
- Wholesalers in Beijing reported further pork price drops after the Golden Week holiday, pointing to continued downward pressure on food costs.
- The National Bureau of Statistics did not hold its customary press conference when releasing the GDP figures.
- The Communist Party’s Fourth Plenum opened to discuss growth strategy and the next five-year plan against a backdrop of U.S. tariff strains and weak domestic demand.