Gross Domestic Product (GDP) in the world's second-biggest economy, China, expanded by 2.9% in the September-December quarter year-on-year, official data released by the Nationail Bureau of Statistics (NBS) showed on Tuesday, above the 1.8% consensus forecasts and slowing from the 3.9% pace in the third quarter.
On a quarterly basis, China’s GDP came in at 0% in the fourth quarter vs. an expected 0.8% drop and a 3.9% growth in the previous quarter.
China’s December Retail Sales YoY, dropped 1.8% vs. -7.8% expected and -5.9% previous while the country’s Industrial Production came in at 1.3% YoY vs. 0.5% estimated and 2.2% prior.
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