China GDP

Chinese Q4 GDP data has just been released with the annualised figure coming in ahead of market expectations. From a year earlier the economy grew by 7.3%, above forecasts for a decline to 7.2%.

China Dec data

Looking at the monthly data both industrial production and retail sales topped expectations, rising 7.9% and 11.9% respectively compared to forecasts for 7.4% and 11.7%, although urban fixed-asset investment continued to slide, dropping to 15.7% from 15.8% in November.

China cumulative growth past decade

Reflective of China’s immense growth over the past decade the cumulative growth in all four metrics remains mind-bogglingly large.

 

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