China GDP and March data due today – preview

A quick heads up preview from Westpac, expecting a solid GDP gain fuelled by broad-based strength in investment as well as demand from the consumer. But, WPAC note:
  • Annual GDP growth for the first half of 2021 will be flattered by base effects. 
On the monthly activity data due:
  • Industrial production … fixed asset investment … and retail sales … will all reveal that not only has China recouped its losses, but built a strong foundation for a long and robust new growth cycle.