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πŸ‡¨πŸ‡³ China's Q1 GDP printed 5.9% β€” the record beat is real, the front-loading question is realer

πŸ‡¨πŸ‡³ China's Q1 GDP printed 5.9% β€” the record beat is real, the front-loading question is realer

China's Q1 2026 GDP came in at 5.9% year-on-year, 240bps above the 3.5% consensus. The front-loading question hangs over the beat; Caixin and NBS PMIs after Labor Day are the next real test.

Hong Kong Q1 2026 GDP growth chart showing QoQ and YoY rates
Hong Kong Q1 2026 GDP: 2.9% QoQ and 5.9% YoY. Source

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