The run of solid GDP results remains unbroken

Q4 GDP: 6.8% y/y BEAT

  • expected 6.7%, prior 6.7%
  • The target is 6.5 to 7% growth, so 6.8% is a good result

For the full-year GDP (2016), comes in at 6.7% (expected 6.7%), so ditto in relation to the official target, good result.

  • At 6.7% it's the slowest GDP growth since 1990. As China's economy grows ever larger it is unreasonable to expect it to be able to maintain ever higher % rates of growth.

The latter part of 2016 saw enhanced economic stimulus from Chinese authorities, a subsequent stabilisation & growth in economic activity, and an accompanying surge in property prices as liquidity sloshed out of the real economy (if it even got there in the first place). Still, mustn't grumble.

Headlines via Reuters:

  • Q4 2016 GDP +1.7 pct q/q s/adj (reuters poll +1.7 pct)
  • China revises Q1 2016 gdp to +1.3 pct q/q vs +1.2 pct q/q
  • China stats bureau says economy still faces complex internal, external environment
  • China 2016 gdp +6.7 pct y/y
  • China revises Q4 2015 GDP to +1.5 pct q/q vs +1.6 pct q/q
  • China stats bureau says foundation for stablisation, improvement in economy still not solid