CHINA GDP DATA
China’s annual economic growth beat official forecasts to come in at 6.9 per cent last year, despite a pollution crackdown and a cooling property sector. However, efforts by Beijing to clean up the fake reporting of provincial economic data have cast a shadow over the official figures. Read more @ http://www.afr.com/news/world/asia/china-gdp-rises-69pc-in-2018-20180118-h0kgwb
China’s economy sealed its first full-year acceleration since 2010, underpinning global growth and giving authorities more room to purge excessive borrowing.
- Gross domestic product increased 6.8 percent in the fourth quarter from a year earlier, compared with a 6.7 percent Bloomberg survey estimate
- Full-year growth picked up to 6.9 percent from 6.7 percent in 2016 – Read more @ https://www.bloomberg.com/news/articles/2018-01-18/china-posts-first-full-year-pickup-since-2010-on-global-tailwind
TECHNICAL CHART – USDCNH
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