Asia Insights Global Markets Research Economics - Asia ex-Japan China: No complacency despite the seemingly resilient Q3 GDP growth data China Q3 real GDP growth slowed to 4.8% y-o-y from 5.2% in Q2 and 5.4% in Q1. The reading is slightly above the market consensus forecast at 4.7% and ours at 4.5%. Due to the deflation, nominal GDP growth dropped to 3.7% y-o-y in Q3 from 3.9% in Q2 and 4.6% in Q1. The resilience was mainly driven by faster growth in financial services and exports, while weakness was also e ...