A landmark deal to give global investors easier access to China's $3.9 trillion stock market helped lift world shares to their highest in over a month on Monday. Societe Generale SA Chief Economist and Head of Research for Asia Pacific Klaus Baader says growth stabilisation in China would be pretty good news.

SHOWS: HONG KONG, CHINA (NOVEMBER 10, 2014) (REUTERS - ACCESS ALL)

1. SOCIETE GENERALE SA, CHIEF ECONOMIST AND HEAD OF RESEARCH FOR ASIA PACIFIC, KLAUS BAADER, SAYING:

SLATE: China's October inflation data came in at a near five-year low. What are your views on the Chinese economy?

BAADER: 'Well you know, more recently the signs on the Chinese economy are a little bit better. It does appear that the economy is responding to these various elective easing measures that have been put in to place. In particular, the relaxation of mortgage rules appears to have led to a pretty rapid rebound in sales of houses. And the real estate sector has been certainly one of the big worry points for the Chinese economy. The inflation is certainly not an issue at all. Inflation if anything is threatening to be a little bit too low. No, I haven't seen the details of the numbers yet but this time the slowdown in inflation unlike the previous months probably did not come from food prices but rather from non-food prices and in particular energy and what that means of course is that the central bank is not constrained by worries over inflation in its efforts to keep growth going. But it does look as if the economy had stabilised, I would be very doubtful that the economy could meaningfully accelerate but a growth stabilisation would actually be pretty good news.'

SLATE: We have seen disappointing U.S. non-farm payrolls last week. What do you make of the numbers?

BAADER: 'Well it is true that the U.S. labour report was a little bit disappointing but I would really stress little bit. If you take into consideration the slight upward revision to the previous two months then the payrolls really came in more or less as expected when you look at the level and I think the important part of the labour market report was that slack continues to be eroded meaning that the unemployment ticked down again. It is now down to 5.8 percent which now that is a pretty good reading, it is the lowest rate since mid 2008. So, I think the path is clear for the Federal Reserve to sometime in the middle of next year to start raising rates.'