Morning Markets: China GDP numbers arouse suspicion

China's economy came off the boil in the first quarter posting GDP growth of just 6.7% – its slowest in seven years but right on target. The growth number was in line with expectations and it helped to ease fears of a hard landing. However the figure dampened hopes that Beijing would step in with added stimulus steps and shares retreated in Shanghai as a result. Meanwhile China watchers suspect Beijing of manipulating such data to match its policy goals.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/morning-markets-china-gdp-numbers-arouse-suspicion-7453544?utm_medium=tf4-feed&utm_source=extract