#4 Aggressive stimulus not needed
Policymakers can rest easy, for now.
The data suggest there is no need for the government to step up easing beyond the sorts of targeted measures it has been rolling out this year, say economists.
Read MoreChina's RRR cut whets the appetite for easing
An interest rate cut is likely off the table for now, said Kowalczyk, who sees a continuation of measures including targeted reserve requirement ratio (RRR) cut and broader use of various forms of re-lending and short-term financing.
#5 Housing market is the weakest link
While policymakers appear to be pulling off a managed slowdown, the shaky property market remains a threat to economic stability.
Growth in real-estate investment slowed in the first nine months of 2014, while property sales and new construction tumbled.
Real estate investment rose 12.5 percent in January-September from a year earlier, down from 13.2 percent in the first eight months of the year, the National Bureau of Statistics said on Tuesday. Meantime, revenue from property sales dropped 8.9 percent during the same period, while new construction fell 9.3 percent.
Read MoreChina's property rescue package: Will it work?
"The housing sector is still the key risk in China. Residential fixed asset investment continues to soften, and I don't see that picking up anytime soon," said Tommy Xie, economist at OCBC Bank. "While the government has unveiled a number of measures, buyers still remain cautious and it will take some time for them to decide whether they want to re-enter the market."
It remains to be seen whether the measures will be effective in stimulating the demand needed to revive investment in the sector, he added.