Chinese Gross Domestic Product
GDP (QoY) (China)
Slowing Economic Growth in China
Starts Monday, January 21, 2019 at 02:00
Updated Wednesday, January 16, 2019
The Chinese economy was growing by 6.8% and 6.9% throughout in 2017 and into the Q1 of 2018. But, growth started slowing in Q2 of last year coming at 6.7% and then in Q3, the GDP number for Q3 came at 6.5% , missing expectations of 6.6%. The tariffs that US President Donald Trump placed on $250 billion products of Chinese origin and the trade war have taken their toll on China and it seems like the economy is decelerating, as in most of the world. Although, let's see how the GDP will look like for Q4, although considering the soft number we have recently seen from China, I would expect another slowdown. Please follow us for live coverage of this event by experienced market analysts.
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About GDP (QoY) (China)
Gross Domestic Product (GDP) measures the total value of a country’s industrial output over a given period. It consists of the aggregate domestic production of goods and services by individuals, businesses, and government. GDP data is available in dollar or index form. Chinese GDP (QoY) is the comparison of growth from one fiscal quarter of the previous year to the same quarter of the current year, represented in a percentage format.GDP (MoM) is a leading indicator of economic health in China. High levels of GDP growth are viewed as being positive for Asian indices in general as well as the AUD. Low levels of growth are negative to most asset classes and are common to recessionary cycles. The People's Bank of China (PBOC) places a great deal of emphasis on quarterly and yearly GDP. Robust growth is often a prelude to monetary tightening, while stagnate levels provide an environment conducive to Quantitative Easing (QE).Traders monitor GDP releases closely. Abnormal reports may cause rapid buying or selling of the Asian indices or AUD. Currency, equities, and commodities markets all exhibit enhanced degrees of volatility surrounding the GDP release.