In China, the GDP Growth Rate QoQ measures the percentage change in the seasonally adjusted value of goods and services produced by the economy compared with the previous quarter. This indicator reflects the overall economic activity and is monitored to gauge economic health, especially as shifts in sectors like manufacturing and services influence growth dynamics.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.