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Economic Statistics: China GDP Disappoints

Posted by Akhilesh Ganti on Apr 14, 2013 10:02:00 PM

China GDP 1Q13

Chinese GDP for the first quarter of 2013 came in at +7.7%, much weaker than the +8.0% that the market was expecting (click on chart to enlarge). The slowdown in factory output was apparently the cause for this weakness which is a troubling sign as it implies that the nations' recovery from the slowest expansion in 13 years may be stalling. Market sentiment seems to have turned to risk aversion again as the prospect of the second largest economy showing signs of losing momentum has traders jittery. The Aussie and Kiwi fell sharply on this release to 1.0441 and 0.8485 respectively as a slow down in the Chinese economy dampens these nations' exports.

 

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