Early data for April suggests China recovery gathering pace
Beijing
CHINA'S property-led economic rebound gathered pace in April, according to the earliest batch of private indicators for the month.
Gauges from four providers all increased in April from March, while sub-indices for employment showed stronger demand for workers. Still, not all the clouds have parted: Data tracking the outlook of businesses shows companies remain reluctant to invest.
New credit, industrial output, fixed-asset investment and retail sales all picked up and exceeded economists estimates in March, while first-quarter economic growth matched forecasts for the slowest expansion since 2009. Signs the recovery is enduring into the second quarter may entrench a ch…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US inflation increases moderately in February; consumer spending surges
Fed’s balancing act could see June rate cut in play even with sticky inflation
China’s red carpet draws CEOs but few expect their money to follow
Australia wants businesses to diversify after China scraps wine tariffs
Japan FX chief calls yen’s slump unusual, vows to act if needed
Trump’s meme stock is skyrocketing but for how long?