China: Q1 GDP printed 6.8%/yr - TDS

Sandeep Kanihama FXStreet Contributor

China’s Q1 GDP came in as expected at 6.8%/yr, but the activity data for March was mixed, notes the research team at TDS.

Key Quotes

“Retail Sales +10.1%/yr beat street forecasts of +9.7%/yr, pointing to firm consumption, but Industrial Production (+6%/y vs +6.3% f/c) and Fixed Asset Investment (+7.5%/yr vs +7.7% f/c) missed street forecasts. Strong consumption, which is consistent with the rebalancing story which should give Chinese officials to shore up financial stability and trim leverage.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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