The publication of China GDP 1st quarter figures, +4.8%, year-on-year, has been received with skepticism, when they were higher than the 4% increase, still year-on-year, on the previous quarter and even above the expectations which were based on a 4.4% growth. The war in Ukraine had just started and had not yet significantly affected the supply chains and the restart of the covid-19 pandemic was hardy beginning to produce its effects with the confinement decided in the Shenzhen area.
Enterprises investments has grown by 9.3% on annual rhythm and industry and power and heat productions increased respectively ...