Hard Landing Off! Chinese GDP Comes In Strong And Markets Are Higher

shanghai port

Photo: Wikimedia Commons

Soft landing time?Q2 Chinese GDP growth came in at 9.5%, which was below the previous 9.7%, but above the 9.3% that analysts expected.

Retail spending, meanwhile, grew a cool 17.7%, ahead of the 17% analysts expected.

Asian markets are bouncing (as are US futures, a little).

Hang Seng is up 0.7%. Shanghai is up 0.5%.

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