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China Growth Exceeds Expectations in 2017

China’s economy grew by 6.9% in 2017 according to official data – the first time in seven years the pace of growth has picked up.The figure beats Beijing’s official annual expansion target of about 6.5%.China is a key driver of the global economy and so the better-than-expected data is likely to cheer investors around the world.But many China watchers believe the GDP numbers are much weaker than the official figures suggest.This month alone, the governments of Inner Mongolia and of the large industrial city of Tianjin have admitted their economic numbers for 2016 were overstated.

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Source: China’s economy grows by 6.9% in 2017 – BBC News [1]

APAC currency wrap [2]

Gold Edges Lower as US Posts Strong Manufacturing Numbers [3]

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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam [8]

Senior Market Analyst, UK & EMEA at OANDA [9]
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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