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Early data for April suggests China recovery gathering pace

Published Mon, Apr 25, 2016 · 09:50 PM

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…

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