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China's GDP Better-Than-Expected, USD Under Pressure

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 15, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    At first glance Chinese growth data were rather encouraging for the second quarter of 2016 as the gross national product expanded 6.7%y/y in Q2, unchanged from the first quarter, but above market expectation of 6.6%. On a seasonally adjusted basis, the Chinese economy grew 1.8%q/q, beating median forecast of 1.6%,[​IMG]

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