China GDP growth accelerates in Q2


GDP rose 7.5% in Q2 from a year earlier, according to China's statistics bureau. Estimates were for 7.4% growth. On a sequential basis, GDP grew 2% vs. 1.8% forecast, and 1.5% in Q1. Industrial production grew 9.2% vs. forecasts for 9%, and retail sales increased 12.4% vs. 12.5% estimates. Fixed-asset investment increased 17.3% vs. forecasts for 17.2%.

ANZ Banking Group boosts their 2014 GDP estimate to 7.5% from 7.2%, but calls for continued monetary easing to help hit that number.

The statistics bureau also reported the value of June home sales as rising 33% from May, though the value for the year's first half fell 9.2% from the same period in 2013.

Stocks in Shanghai slipped 0.15% overnight, their first decline in four sessions.

ETFs: FXI, EWH, PGJ, GXC, KWEB, FXP, YINN, HAO, ASHR, CHIQ, YANG, TAO, CQQQ, CHIX, MCHI, QQQC, PEK, XPP, YAO, YXI, CHXX, CHXF, CHII, ECNS, CHIE, CHIM, EWHS, FCHI, CN, FCA, KFYP, CHNA, FHK, ASHS, KBA

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Comments (1)
  • Ocean Man
    , contributor
    Comments (644) | Send Message
     
    Why was this post delayed half a day from when the numbers were released? Chinese GDP data is near the top of the list of what moves markets. You even credited Europe's gains to this Chinese data in two pre-market posts, yet didn't publish the data itself until after 11 am?
    17 Jul 2014, 09:32 AM Reply Like
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