IMF official: Growth slowdown welcome

What they say

We estimate that the contribution of exports to GDP growth surged from 0.9 percent in the second quarter to 2 percent in the third. Foreign trade's contribution to China's overall economic growth will substantially rise.

CHEN JIANHENG, analyst, China International Capital Corp Ltd

China's export growth accelerated more than the market and what we had anticipated, partly because the base of comparison was very low. We expect export growth to moderate in the coming months in the light of recent weakness in global demand and currency strength.

RESEARCH NOTE, Goldman Sachs Group Inc

The trade data are in line with our general judgment of China's trade activity, which rebounded in the third quarter and is stabilizing in the fourth. But China remains under pressure to meet its full-year target for trade growth.

CHU JIANFANG, chief economist, CITIC Securities Co

With stronger exports, import demand also may be better in the fourth quarter. The trade data are likely to provide short-term support to the value of the yuan as an unexpected rise in imports is likely to ease broader economic growth concerns and pose questions about the need for further policy stimulus.

CHANG JIAN, chief economist, Barclays Plc

A tick for graft fight, but much more is needed	Chinese economy to pick up in Q4