Latest data released by the Chinese National Bureau of Statistics - 18 January 2018
- GDP seasonally adjusted q/q +1.6% vs +1.7% expected
- GDP YTD Dec 2017 y/y +6.9% vs +6.8% expected
- Retail sales (Dec) y/y +9.4% vs +10.2% expected
- Retail sales (YTD Dec 2017) y/y +10.2% vs +10.3% expected
- Industrial production (Dec) y/y +6.2% vs +6.1% expected
- Industrial production (YTD Dec 2017) +6.6% vs +6.6% expected
2017 GDP bang on "expectations" at +6.9%. Please do refer to this post here if you need clarifications on that.
Well, we've already gotten a spoiler from the NRDC official earlier - so no surprises that we see the figures come in similar to what China premier Li Keqiang said it was a week ago.
Some comments by the the NBS:
- Economy's performance better than expected
- Economy maintains steady improving trend in 2017
- Final consumption accounted for 58.8% of GDP growth in 2017
China's government were targeting a growth of only 6.5% in 2017, so the 6.9% reading here is better than the expected growth there and an improvement from 2016's 6.7%.
