China Q1 2017 GDP 6.9% y/y (expected 6.8%)

Q1 2017 GDP in at a beat, 6.9%
– expected +6.8%
– prior was +6.8%
– + 1.3% q/q, expected 1.5%, prior 1.7%
Government infrastructure spending & still strong housing market cited as key drivers. PPI higher on higher commodity prices, along with a pick up for industrial output and investment also contributors.