Surprisingly resilient
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China’s stats bureau released the Q4 GDP results on Tuesday.
The headlines:
The economy expanded 2.9% y/y in Q4 in real terms, compared with 3.9% y/y growth in Q3.
Q4 GDP growth was flat on a seasonally adjusted, q/q basis.
Full-year GDP growth came in at 3.0% y/y, versus 8.4% y/y in 2021 and Beiji...