Elsewhere in Asia, recent data have been mixed, though broadly consistent with the modest slowdown that authorities in the region have been trying to achieve in order to contain inflationary pressures. India perhaps has been the country pursuing this approach most vigorously, and seems to be the country where growth has slowed most noticeably. Overall, however, growth in the region remains solid.
Growth in Chinese GDP over the year to the September quarter was 9.1 per cent, and recent monthly data for retail sales and industrial production have been robust.