'Recovery Still Fragile' - Chinese Bond Yields Hit Record Lows Despite Surprise GDP 'Beat'
This article is so good
it's for premium members only.
Does that sound like you?
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
China's Q4 GDP and December industrial production reports beat market expectations meaningfully, with the 2024 full-year GDP growth target officially reached (what an amazing coincidence).
Real GDP growth rose notably to +5.4% yoy in Q4 from +4.6% yoy in Q3, driven by the acceleration of sequential growth on the back of more coordinated and forceful policy easing and export frontloading due to concerns about potential US tariff hikes.
“The biggest bright spot in the economy last year was exports, which was very strong especially if price factor was excluded,” Jacqueline Rong, chief China economist at BNP Paribas SA.
“That means the biggest problem this year will be US tariffs.”