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China's GDP rose by 7.3% in fourth quarter

Tuesday, Jan 20 2015
According to the preliminary estimation, the gross domestic product  of China was 63,646.3 billion yuan in 2014, an increase of 7.4%  at comparable prices. Specifically, the year-on-year growth of the first quarter was 7.4%, the second quarter 7.5%,  the third quarter 7.3%, and the fourth quarter 7.3%. This was in line with market forecasts. The gross domestic product of the fourth quarter of 2014 went up by 1.5% on a quarter-on-quarter base. 
 
In December, the total value added of the industrial enterprises above designated size was up by 7.9% year-on-year or up by 0.75% month-on-month. Analysts were anticipating smaller growth by 7.4%. The total value added of the industrial enterprises above designated size in 2014 was up by 8.3% at comparable prices. An analysis by types of ownership showed that the value added growth of the state-owned and state holding enterprises was 4.9%, that of the collective enterprises, 1.7%, share-holding enterprises, 9.7%; and enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan, 6.3%.
 
Despite rather good figures Aussie fell and is currently being traded around 0.8160 area. Pair is likely to find support around 0.8120 and resistance above 0.8230 level. Later today, NAHB Housing Market Index data will be released. 
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