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Stanchart Says CN 1Q Econ +5% YoY Beats, Estimates Full-yr GDP +4.6%; No Rate Cut This Yr
A report by Standard Chartered Global Research said China's economy grew 5% YoY in 1Q26, beating street consensus of 4.8%, on the back of stabilising domestic demand and robust...
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Stanchart Says CN 1Q Econ +5% YoY Beats, Estimates Full-yr GDP +4.6%; No Rate Cut This Yr
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A report by Standard Chartered Global Research said China's economy grew 5% YoY in 1Q26, beating street consensus of 4.8%, on the back of stabilising domestic demand and robust exports. Exports advanced 14.7% YoY, underpinned by China's sustained competitiveness, tariff reductions, and strong demand for its new energy and AI-related products.

Meanwhile, the bank viewed the Central Political Bureau meeting in July as a key event to watch for potential additional policy actions. It maintained its full-year GDP growth forecast at 4.6% and, as rising commodity prices are driving faster-than-expected domestic reflation, it expected no rate cut this year.

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