Economics
China’s Yuan Rebounds With Stocks as GDP Growth Beats Estimates
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China’s stocks rebounded from the biggest slump since 2008 and the yuan gained as data showed economic growth exceeded estimates.
Gross domestic product rose 7.3 percent in the fourth quarter from a year earlier, and industrial production in December climbed 7.9 percent, a report showed Tuesday. The gains compared with median estimates of 7.2 percent and 7.4 percent, respectively, in Bloomberg surveys. The Shanghai Composite Index climbed 1.8 percent, after sliding 7.7 percent on Monday, as regulators curbed margin lending by brokerages.