To the Chinese economy, where fresh numbers from the Ministry of Industry and Information Technology show that the country's industrial value-add expanded at a steady pace of 6.4-percent annually in the first three quarters of this year. That's higher than expectations made at the beginning of 2018.

The Ministry noted the acceleration of industrial upgrading in China with the value-add of high-tech manufacturing rising by nearly 12-percent in the first three quarters, far outpacing the overall growth of 6.4-percent. Policymakers also zeroed-in on support for smaller industrial firms, noting that preferential tax policies for SMEs have been put into place. Total profits for small and medium sized industrial firms rose over 11-percent in the first eight months. Here's Xin Guobin, Vice Minister of Industry and Information Technology on what we can expect from the industrial sector in the coming months.

XIN GUOBIN VICE MINISTER OF INDUSTRY AND INFORMATION TECHNOLOGY "In the first three quarters, the industrial sector developed steadily. In the coming months, we will push forward the structural reform of the industrial sector in depth. More measures will be taken to reduce business costs and actively stabilize market expectations. We will vigorously develop advanced manufacturing industries, and speed up the transformation and upgrading of traditional industries."