China’s economy may dominate global market considerations from the start of the week onward

China's economy may dominate global market considerations from the start of the week onward. The country releases Q3 GDP growth into the Asian market open on Monday. Obviously markets trade on it, but the aftermath will bring out the usual cacophony of critics who say the figures are not to be trusted. Every country's GDP figures are best interpreted with a pile of salt. Witness the evolution of US quarterly growth prints from the initial to fully revised estimates that can deviate several percentage points from one another. 

Regardless, consensus thinks China's Q3 growth print slowed to 6.8% y/y from 7% in each of the first two quarters of this year. The highest estimate is 6.9% and the lowest is 6.4% at the time of writing. Recall that ahead of the 7% print for Q2, consensus had also incorrectly thought growth slowed to 6.8%.