Earlier today, the Chinese Gross Domestic Product (GDP) was released by the National Bureau of Statistics of China. The forecast was slated for an increase of 7.2% in the GDP in the fourth quarter of 2014, compared with the same quarter of the last year. However, the outcome was a bit positive as the Chinese GDP grew by 7.3%.
The quarterly change was 1.5%, compared with the rise of 1.9% in Q3, 2014. This was positive for the risk sentiment to some extent, but currencies such as Aussie dollar failed to gain bids after the release.
As reported by Bloomberg, “the economy’s performance in 2014 stands out against the widespread hard-landing fears that prevailed early last [...]