China Q2 GDP +0.8% q/q (expected 0.5%)

<p>China's economic growth data for the April to June quarter of 2023.</p><p>The q/q has beaten expectations, which is a positive. The y/y is heavily impacted by base effects.</p><p>China's National Bureau of Statistics (NBS) </p><ul><li>says the national economy showed good momentum of recovery in H1 of the year but adds that the foundation of the domestic economic recovery is not solid.</li><li>China is confident and capable to achieve economic growth targets</li><li>economy expected to improve more</li><li>economy is gradually recovering from the pandemic effects</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.