China | Stock market crash dims growth outlook despite the better-than-expected Q2 GDP

China’s Q2 GDP growth came out at 7.0% y/y today, flat with the Q1 outturn while above market expectations (BBVA: 6.8% y/y versus Consensus: 6.8% y/y). In sequential terms, Q2 GDP expanded at a pace of 1.7% q/q sa, increasing from 1.3% q/q sa of Q1 2015. On top of this, the economic structure rebalancing is on the track.

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