China data beats expectations besides Retail Sales miss, AUD/USD holds around 0.7200

The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China has been released as follows:

• China GDP (YoY) Q4 4.0% (est 3.3%; prev 4.9%).
• China Q4 2021 GDP 1.6% QoQ.

Retails Sales and Industrial Production was also released as follows:

• China Retail Sales (YoY) Dec 1.7% (est 3.8%; prev 3.9%).
• China Industrial Production (YoY) Dec 4.3% (est 3.7%; prev 3.8%)

AUD/USD is steady on the release around 0.72 the figure.

About China GDP

The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing. As the Chinese economy has influence on the global economy, this economic event would have an impact on the Forex market. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish).