Yuan Weakens After 'Unbalanced' Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint
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Yuan Weakens After 'Unbalanced' Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint China’s economic growth beat expectations in Q1, rising +5.3% YoY - considerably stronger than the +4.8% consensus, and inching ahead of Q4's +5.2% YoY growth. Source: Bloomberg Notably, that this is the first time the market compares two periods of economic growth without China'z Zero-COVID policy's impact, and overall, as we detail below, economic activity data...

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