China data dump solid: Q1 GDP betters expectations

The latest data from the Nation Bureau of Statistics showed that China’s Q1 2017 GDP q/y grew by 6.9% above the 6.8% rise forecasted by markets, while on annualized basis, China’s growth slowed it pace of expansion, coming in at 19% versus 1.7% last.

China’s retail sales YoY, came in at +10.9% vs 9.7% exp and 9.5% last, with industrial output YoY at 7.6% and 6.2% exp and 6.3% last. Meanwhile, urban fixed asset investment YoY stood at +9.2% vs 8.8% expected and 8.9% last.