China Watch – Spring time, so here are the green shoots
PublicationMacro economy
Official GDP growth stable at 6.4% yoy in Q1, surprising to the upside.March data point to strong uptick in momentum; still mind seasonal effects.Latest foreign trade data also help to ease global slowdown concerns.Piecemeal easing measures filtering through in lending.Deflationary trend ended in March.Beijing to wait for more confirmation, before changing its priority list too much.
