China’s Growth: Stable?

Posted April 15, 2013 by rvillareal

• China’s first quarter GDP figures were marginally below expectations: 7.7% Y/Y versus Consensus: 8% and DE 8.1%.  This outcome—also marginally weaker than Q4-2012’s (7.9% Y/Y) — is still qualitatively consistent with our (and implicitly the market’s) assessment: real GDP growth was stable, i.e., the pace of expansion of the economy moved rather sideways.
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