We’ve become accustomed to it: Q1 GDP data released in China today – the first country to do so and well ahead of other G20 countries – was bang on official estimates at 6.8 per cent annualised, the maintaining Q4’s rate of economic growth. Fixed asset investment grew at 7.5 per cent, down from 7.9 per cent a year ago, while retail sales grew by 10.1 per cent in March. However, industrial production dropped to a Y/Y rate of 6 per cent in February from 7.2 per cent the previous month.
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