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China delayed release of GDP numbers that show growth was slower

If you were around in the pre-Doha world (i.e. last Friday) you would have seen the Chinese Q1 GDP data

What you didn't see, though, was the q/q GDP growth data. That was delayed and only released more than 24 hours later

That piece of the puzzle came in at 1.1%, which is the slowest since the government started releasing seasonally adjusted quarterly figures in late 2010

Says the WSJ :

  • Economists like quarter-over-quarter GDP because it gives a better sense of an economy's current direction than year-over-year
  • Convert that 1.1% quarterly figure into annualized terms, and it implies a GDP growth rate of 6.3%, quite a bit slower than the headline 6.7%.
  • In the past these two figures have matched quite closely
  • The 0.4-percentage-point variance is the largest on record

Nothing Suss!

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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