19 January 2026 | 10:59AM HKT Economics Research China: Q4 GDP in line with expectations amid mixed December activity data – First Take Bottom line: Key numbers: GDP: +4.5% yoy in Q4 (GS forecast: +4.5% yoy; Bloomberg consensus: +4.5% yoy), +1.2% quarter-over-quarter sa non-annualized, based on the NBS estimate. Q3: +4.8% yoy, +1.1% quarter-over-quarter sa non-annualized. Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other imp ...