China Stats Bureau revises 2018 GDP higher by 2.1%

Ross J Burland FXStreet

China Stats Bureau revises 2018 GDP higher by 2.1%.

Key note

The revision will not have any major impact on 2019 GDP growth.

China routinely revises its annual GDP data, typically making a final revision at the end of the calendar year. While the revisions typically have no immediate bearing on policy, some analysts see other implications for longer-term economic targets if past estimates are revised higher. "Analysts expect GDP growth to slow to 6.2% this year as domestic demand softened and a Sino-U.S. trade war persisted," - Reuters. USD/CNY is unchanged on the news, -0.03%

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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