Chinese economic data has in general been surprising to the downside in recent weeks - in opposition to the positive (seasonally adjusted awesomeness) of US data. However, for tonight's entertainment we have GDP at 7.4% YoY - perfectly in line with expectations, Industrial Production beat modestly, Retail Sales beat modestly, and FAI beat... *CHINA 3Q GDP RISES 7.4% VS ECONOMISTS' EST. 7.4% :NBSZ CH *CHINA SEPT. INDUSTRIAL OUTPUT RISES 9.2% VS 9% ECONOMISTS' EST. *CHINA JAN.-SEPT. FIXED-ASSET INVESTMENT UP 20.5% VS EST. 20.2% *CHINA SEPT. RETAIL SALES RISE 14.2% FROM YEAR EARLIER So no new stimulus coming anytime ... (full story)