Today in China has published important statistics on the growth of GDP, which was 6.7% in the 3rd quarter. This indicator was in line with expectations and repeated result of the previous quarter. On the other hand, the volume of industrial production in the second largest economy of the world grew by 6.1% in September compared with the same period of the previous year, which is 0.3% worse than expected. This fact strengthens the fears of investors about the prospects for the Chinese economy. Given the risks associated with an overheated housing market and large-scale injections from the government, we maintain a long-term and medium-term negative outlook on the markets of the Asia-Pacific region.