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Asia Weekly

A Week of Political Transitions in Asia

China’s data dump for October broadly confirmed our view that growth bottomed out in August. Industrial production (IP, value-added) expanded by 9.6% y/y, beating consensus and RGE expectations for a 9.4% gain, and fixed-asset investment (FAI) growth inched up to 20.7% for the year through October from 20.5% in the first nine months of 2012.

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