China’s GDP expands 5.2% YoY in Q4 vs. 5.3% expected

China’s economy grew at an annual rate of 5.2% in the final quarter of 2023 when compared to the 4.9% expansion in the third quarter, the official data released by the National Bureau of Statistics (NBS) showed on Wednesday. The market estimated an expansion of 5.3% in the reported period.

On a quarterly basis, Chinese Gross Domestic Product (GDP) climbed by 1.0% in Q3 vs. 1.0% expected and 1.3% booked previously.

China’s December Retail Sales YoY, rose 7.4% vs. 8.0% expected and 10.1% prior while the country’s Industrial Production came in at 6.8% YoY vs. 6.6% forecasts and November’s 6.6%.

Meanwhile, the Fixed Asset Investment increased 3.0% YTD YoY in December vs 2.9% expected and 2.9% last.

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