China's Economy Grows By A Record 18.3% In Q1; It's Not Enough
by Tyler Durden Friday, Apr 16, 2021 - 12:11 AM China's economy grew by a record 18.3% in the first three months of 2021, its fastest annual growth rate in history reflecting the weak comparison to the lockdown period in early 2020. However, in keeping with the recent theme of China's slowing credit impulse, the GDP print wasn't nearly enough and disappointed markets which were expecting an 18.5% number. The Chinese slowdown was even more visible in the quarter-on-quarter growth which slowed to just 0.6% from 2.6% in the previous three months - the second lowest quarterly growth rate since th...
Source: zerohedge.com