Analysts at Nomura offer their afterthoughts on upbeat Chinese Q1 GDP report released earlier today.

Key Quotes:

“The more timely March data, however, point to nascent signs of a growth slowdown underway, led by these old economy sectors.

“We do not expect the growth in the new economy sectors to fully offset the slowdown in the old economy and heavily indebted sectors in the quarters ahead, and forecast GDP growth of 6.3 percent in Q4 2018.”

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