China's Q3 GDP grew 4.5% year on year, above the 4.4% forecast, and 9-month growth was 4.6%, within the 4.5%-5.5% full-year target. Bloomberg reports this lowers the chance of new stimulus soon. Retail sales rose 1.1%, but fixed-asset investment fell 7.2% and property prices are falling more slowly. For a Thai SME, this is background: a stable Chinese market for exporters and tourism, but no near-term change to costs, prices or the baht.