Asia Insights Global Markets Research Economics - Asia ex-Japan China: Demand weakness deepens in October The NBS just released October activity data. Compared to market consensus, industrial production and fixed asset investment undershot by a wide margin, while retail sales were largely in line. The later-than-usual mid-autumn festival and the extended Golden Week holiday created some distortions to production and consumption activity in September- October, and we still see intensifying demand headwinds. ...