China 1Q Gross Domestic Product (YoY) decreases to 7.7% vs 7.9%

The regional data highlight is China’s Q1 GDP at 2GMT. According to Westpac: "The headline reading is usually quite close to consensus, which is 8.0% y/y, from 7.9% in Q4, with Westpac’s formal forecast of 8.5% y/y the highest in the market (Bloomberg range 7.5-8.3%), derived from a 2.1% q/q estimate, which is about steady with the Q4 pace."