Bloomberg article with a brief recap of the figures we just got out of China: China First-Quarter Growth Trails Estimates as Risks Loom

On a separate note:

The Chinese statistics office have said the Q1 miss is due to slower global growth and also domestic policy adjustment. There is some speculation doing the rounds that the figures may be slightly understated (!) so as to give the new leadership a lower base to work from going forward.

Also, note that its only a matter of time before these weak numbers park talk of PBOC easing.

Meanwhile AUD/USD had a little bounce to 60/65, where we expected sellers to again kick in, and is now 1.0435/38.