Logo 17 Jul 2023

Open-and-shut case

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China’s stats bureau released the Q2 GDP results on Monday.
The headlines:

The economy expanded 6.3% y/y in Q2, compared with 4.5% y/y in Q1 of this year.
GDP was up 0.8% on a seasonally adjusted basis versus the previous three months.

The GDP print was a big miss: The consensus forecast was for 7...