China’s GDP growth rate year-over-year has decreased to 4.8% from the previous 5.2%, marking a decline of 0.4 percentage points. This indicates a slowdown in economic expansion compared to the previous period.
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The actual GDP growth rate matched analyst estimates of 4.8%, suggesting that the market had anticipated this slowdown. The stock market may experience a mixed reaction, with sectors sensitive to economic growth, such as industrials and consumer discretionary, potentially facing pressure. The impact is likely to be more sentiment-driven in the short term, as investors reassess growth expectations.