China GDP Miss: Q2 Marks Slowest Growth Since Late 2022
The print lands as Beijing's stimulus toolkit narrows and global markets recalibrate the China growth premium that has anchored commodity and currency trades for two years.
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The print lands as Beijing's stimulus toolkit narrows and global markets recalibrate the China growth premium that has anchored commodity and currency trades for two years.
The 50-basis-point upgrade is small in headline terms, but it revives the soft-landing read: consumer spending held up faster than the first print suggested.