China GDP beats y/y

2.6% q/q

  • expected +2.7% q/q

  • prior was +2.7% q/q

6.5% y/y

  • expected +6.2% y/y

  • prior was +4.9% y/y

The YTD GDP is +2.3%, slowest growth in 40 years or so

  • beating the expected to +2.1%
  • prior +0.7%
  • confirming that China was the only major economy in the world to get bigger in 2020