More on China’s dodgy growth numbers
MUFG has done a good takedown. How to understand Q1 and March data? Key Points 1.The economy is off to a good start in 2024, with Q1 delivering a 5.3%yoy real GDP growth. The 1.6%quarter-on-quarter sequential growth of real GDP in Q1 was the highest sequential growth since 2015.01 However, the performance of key indicators