China's National Bureau of Statistics said at an Oct. 19 briefing that domestic demand gradually improved in the first three quarters. Consumption contributed 46.7% of GDP growth in the period, adding 2.1 percentage points. Imports, a key component of domestic demand, rose more than 20% YoY in each quarter, reflecting increases in both volumes and prices. Headline CPI rose 0.9% YoY in the first three quarters; core CPI (ex food and energy) rose 1.1% YoY, indicating mild price increases and an im

Early FX session: dollar index (DXY) +0.25% at 102.04; EUR/USD -0.4% at 1.1190.

On Oct. 18 CHINA'S HE met members of the China Investment Corporation international advisory committee. He said China’s economy is broadly stable and shifting toward higher-quality growth, and that during the 15th Five-Year Plan period China will unswervingly expand high-level opening-up and deepen financial-system reform. He urged the committee to continue advising CIC’s development and to support China’s economic growth and international cooperation. Committee members said they are confident in China’s economic and financial market prospects and will continue contributing to deeper Sino-foreign cooperation.