China's economy hits turning point

The mainland economy improved more than expected last month after inflation dipped to a 33-month low, reducing the likelihood of "big bang" stimulus measures after the new leadership takes office.

Industrial output expanded 9.6 per cent from a year ago, while consumer inflation decelerated to 1.7 per cent year on year, the National Bureau of Statistics (NBS) said yesterday.

The October data confirmed that China's economic slowing has "truly bottomed out", said Lu Ting, an economist at Bank of America Merrill Lynch.

via Business feed http://www.scmp.com/business/economy/article/1078991/chinas-economy-hits-turning-point