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Breaking: China’s economy grows 5.4% YoY in Q4 2024 vs. 5% expected

China’s economy grew 5.4% over the year in the fourth quarter of 2024 after reporting a 4.6% expansion in the third quarter, the official data published by the National Bureau of Statistics (NBS) showed on Friday. Data beat the market consensus of 5% in the reported period, by a wide margin.

On a quarterly basis, the Chinese Gross Domestic Product (GDP) rate rose 1.6% in Q4 2024, having increased 0.9% in the previous quarter. This figure matched the expectations of 1.6%.

 

developing story ....

China Industrial Production (YoY) registered at 6.2% above expectations (5.4%) in December

China Industrial Production (YoY) registered at 6.2% above expectations (5.4%) in December
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Japan’s Kato: Up to Bank of Japan (BoJ) to decide on monetary policy

Japan’s Finance Minister Katsunobu Kato reiterated on Friday that it’s “up to the Bank of Japan (BoJ) to decide on monetary policy..” He further noted that he “expects the BoJ to conduct monetary policy appropriately to achieve the 2% inflation target.” Market reaction USD/JPY is maintaining the bounce to trade near 155.30 following these above comments, flat on the day.
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