MarketPR
China's second-quarter gross domestic product came in at 4.3% growth, placing the result at the low end of the government's official target band.
Monthly indicators had already been flagging economic pressures before this number landed, and the print confirms rather than contradicts that read.
Reading the quarterly print 4.3% is the figure in focus for anyone holding China-exposed assets this session. It clears the minimum of the government's target range.
A print at the floor of a policy band is a different signal than one that arrives near the ceiling. The distance, or lack of it, is part of the number. Monthly data ahead of the release had been consistent.
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