Credit Suisse Cuts China Annual GDP Estimate to +3.3pct

Analyst Yi David Wang comments "China’s Q3 GDP growth of 3.9%yoy was meaningfully above the consensus estimate of 3.4%yoy. While we had anticipated an above-consensus print a closer estimate than that of the consensus is hardly any comfort in this case, as the details confirmed our concerns regarding China’s near-term economic challenges. We thus revise down our annual GDP outlook from 3.5% to 3.3%yoy..."