China's industrial output slows in October

China's economy continues to show signs of a slight slowdown, with industrial output growth in October slowing to 15.7 percent year-on-year compared to a 16.1 percent gain in September. That still leaves output for the 10 months to October up 16.9 percent compared to the prior year.

"Output of major energy, raw materials, some machinery, home appliances and electronic products is growing fast but car output is falling," the NBS said in a statement.

Citigroup analyst Huang Yiping was quoted as saying that the overall decrease compared to September was not "very significant" but a further "moderation" was expected in coming months as the government likely ratchets up macro-economic controls.

Economists and investors will obviously want to see continued but gradual slowing. Any other outcome would not be welcomed by most.