China Urban investment (YTD) (YoY) down to 20.9% in Mar from 21.2%

China Q1 real GDP missed expectations by 0.3 bp, printng +7.7% (YoY) versus 7.9% in 4Q, and below expectations of 8.0%. Retail sales improved marginally (+12.4% on a yearly basis vs +12.6% expected), while industrial production stood at +8.9% v est +10.0%.