Asia-Pacific markets were mixed on Monday, as investors assessed China's weekend press briefing and awaited a slew of economic data this week from the region.China's Minister of Finance Lan Fo'an
China is set to release its trade data for September on Monday, with exports expected to rise 6%, a slower growth than 8.7% in August, while imports are estimated to grow 0.9%, compared to 0.5% in August.China watchers also look ahead to the week with a busy set of economic data, including China's third-quarter GDP, September industrial output growth, retail sales and unemployment rate.Feeling out of the loop? We'll catch you up on the Chicago news you need to know.
The press conference"signaled that China is getting serious about tackling deflation" and that is"precisely the message the market has been waiting for," Xie said in a research note on Monday. Chinese policymakers have"made a turn on cyclical policy management and increased their focus on the economy," it said in a research note on Oct. 13.
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