WS #12102
China Q2 GDP grows 4.3% YoY, missing 4.5% estimate and official 4.5-5% target; weakest since early pandemic; fixed asset investment declines 5.7%. Stripe and Advent International make joint offer to buy PayPal for $60.50/share (~$53B), backed by ~$50B in bank financing; PYPL up 14% overnight.
China GDP Miss
China Q2 GDP grows 4.3% YoY, missing 4.5% estimate and official 4.5-5% target; weakest since early pandemic; fixed asset investment declines 5.7%.
Stripe and Advent International make joint offer to buy PayPal for $60.50/share (~$53B), backed by ~$50B in bank financing; PYPL up 14% overnight.