GDP q/q (CNY) comes in at 0.9% against 1.2% consensus

China’s Gross Domestic Product, GDP q/q, for the second quarter was reported at 0.9% on July 15, 2026. This figure came in below the analyst consensus expectation of 1.2%. The actual print represents a -25.0% surprise compared to the consensus. The previous quarter’s GDP growth stood at 1.3%.

Following the release, the USDCNH pair showed an initial move of -3.7 pips within five minutes. Fifteen minutes after the data publication, USDCNH was trading +14 pips higher. No measured reaction statistics exist yet for this specific series, so a comparison to typical market behavior is not available.