China Q4 2023 GDP 5.2% y/y

China Q4 2023 GDP 5.2% y/y, a miss for the quarter

• expected 5.3%, prior 4.9%

+1.0% q/q

• expected +1.0%, prior +1.5%

For the full year 2023 +5.2%, satisfying the Chinese Communist Party target of 'around 5%'.

• expected (and leaked, see below) 5.2%

December data is here:

• China December industrial output +6.8% y/y (exp +6.6%) Retail Sales +7.4% (exp +8.0%)

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Earlier:

• China's Premier Li Qiang has already announced the country's 2023 economic growth number