Bloomberg 's take on the China GDP data:

The article is here

In brief:

a surge in new credit helped the property sector rebound while raising fresh question marks over the sustainability of the debt-fueled expansion

"The economy has stabilized thanks to a flood of liquidity and improved sentiment in the property market," said Tao Dong, head of Asia economics excluding Japan at Credit Suisse Group AG in Hong Kong. "It is not clear whether the momentum is sustainable. So far, the government seems to be the solo singer. It is critical to re-engage private investment."

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So far the response from markets (taking the AUD as an example of a 'China proxy') has been subdued.

While up on the session, its little changed since the data dump, net:

Yes, the economy grow as expected, but it did slow. AND, it was fuelled by a huge expansion in credit.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.