China’s economy faces slowest growth in a year at 4.7% in Q3 despite record exports. Investment, industrial output, and retail sales weaken, with forecasted slowdowns. Foreign investment declines, but trade balance hits record high. Party officials gather to discuss economic priorities for 2026-2030, focusing on domestic consumption.

IMF predicts China’s 2025 growth at 4.8%, with a slowdown to 4.2% in 2026. Real estate investment shrinks, risking debt-deflation cycle. IMF suggests rebalancing towards household consumption and scaling back industrial policies to reduce external surpluses and domestic deflationary pressures.

US government shutdown delays economic data releases, but September CPI to be released Friday. Core CPI expected to climb 0.3%, keeping annual core CPI at 3.1%. Fed expected to announce second rate cut of the year due to fragile labor market. Private-sector data on real estate and PMI also expected.

Asia sees Japan’s national CPI and PMI data. Japan’s inflation remains above target, while manufacturing shrinks for fourth month. India’s PMI likely shows robust manufacturing activity. New Zealand, Malaysia, Singapore, and Hong Kong release CPI data. Trade data from New Zealand, Thailand, Japan, and South Korea also expected.

Europe’s highlight is October PMIs from western Europe. Data will show momentum in manufacturing and services amid US tariffs. UK public finance numbers inform budget planning. Eurozone sees ECB speakers before quiet period. France faces budget struggles and S&P downgrade. Moody’s update pending.

Middle East, Africa sees Switzerland’s export numbers and SNB meeting summary. South Africa’s inflation expected to tick up, influencing rate decisions. Hungary, Turkey, and Russia have upcoming rate decisions. Latin America faces negative GDP prints in Mexico and Argentina. Colombia’s GDP growth remains strong. Brazil and Mexico expect mid-month inflation reports.

Read more at Yahoo Finance: Chinese Export Boom Can’t Stop Economy’s Slowdown