China Q4 GDP 0.0% q/q (expected -0.8)

Chinese economic growth in Q4 of 2022 took a hit from COVID restrictions and then the COVID surge upon these being diluted.

0.0% q/q

• expected -0.8%, prior 3.9%

+2.9% y/y

• expected 1.8%, prior 3.9%

December economic activity was also published, an impressive set of better-than-expected data:

• China December economic activity data beats across all 3 indicators