China's slowing GDP growth

China's third quarter GDP growth has slowed to its lowest level in a year, up 4.8%, compared to 5.2% over the previous quarter. 

This was in line with expectations as a prolonged property slump and trade tensions hurt demand, keeping pressure on policymakers to roll out more stimulus.

On a quarterly basis, GDP grew 1.1% in the third quarter, compared with a forecast of 0.8% 

While China's export growth rebounded in September, much of the recent data show the world's second-largest economy has lost momentum, and deflationary pressures have persisted despite efforts to curb overcapacity.

Over September, industrial output was up 0.64% from the previous month.

Meanwhile, and as a result, China has left its benchmark lending rates unchanged for 5th straight month in October.

From Monday through to Thursday this week, Chinese leaders are also holding a closed-door meeting to discuss the country's next five-year plan, which is expected to prioritise high-tech manufacturing in the wake of the intensifying rivalry with the United States.