BeijingRetail sales rose 1.1%, more than double the 0.5% forecast.

Third-quarter GDP grew 4.5%, the statistics bureau said, and Japan’s Nikkei rose 1.8%.

China is the world’s factory and a major importer of industrial commodities, so strong data tends to encourage risk-taking.

The Federal Reserve is expected to hold its 4.75% to 5% rate this month.

How each outlet framed it
CoinDesk leans favorable
leads with the bitcoin, Nikkei and Nasdaq futures moves, framing China's GDP beat as a risk-appetite story for crypto markets

Sources: CoinDesk