China Q1 GDP +2.2% vs +2.2% q/q expected

• Prior 0.0%; revised to +0.6%
• GDP +4.5% vs +4.0% y/y expected
• Prior +2.9%

Some other data released at the same time:

• March retail sales +10.6% vs +7.4% y/y expected
• Prior +3.5%
• March industrial output +3.9% vs +4.0% y/y expected
• Prior +2.4%

The numbers are pretty solid with the economy seen growing faster than expected in Q1, expanding 4.5% year-on-year. The quarterly growth does match expectations and all of this is largely to do with the lifting of Covid-19 Covid-19 Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Read this Term restrictions across the country in December, leading to a rebound in economic activity.