China's Q1 GDP surprises to the upside
The Chinese economy surprised to the upside in the first quarter of this year. In this note, we wish to review the main economic numbers and discuss the implications for Chinese equities.
Source: HSBC
Chinese Q1 GDP expanded by 6.4% YoY in Q1, at a stronger pace than expected.
The stronger-than-expected GDP growth was mainly driven by strong activity data in March.
Industrial production expanded by 8.5% YoY in March (+5.3% YoY in Jan-Feb), marking the fastest pace since August 2014. Strong IP growth in Q1 was driven