Chinese Q2 GDP data is due today ( along with a stack of other data )
As far as getting a hot tip on what it'll be, its difficult to go past the head honcho over there, Premier Li Keqiang
- He spoke on Wednesday to a European Union-China summit
- Said China's economy is "basically stable"
- That it is on course to meet its major targets this year
- And that Q2 GDP is likely to be close to the 6.7% recorded for Q1
Regardless of what the real rate of growth in the Chinese economy is (an endless discussion point), the announcement should come within a whisker of 6.7% (the consensus of analysts etc. is at 6.6%).
You know it works, right?