China's exports likely swung back to growth in April [Reuters]
Goldman Sachs Group, Inc. (The) (GS)
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be modest as factory owners wrestle with weak overseas demand and overcapacity that is pushing down their selling prices. Trade data for April is expected to show outbound shipments grew 1.5% year-on-year by value, according to the median forecast of 31 economists, reversing the 7.5% slump recorded in March. China's economy grew in the first quarter, although data on , consumer , producer prices and bank lending for March showed that momentum could be faltering again, while a protracted property crisis is showing few signs of abating, spurring calls for more policy stimulus. China watchers are struggling to make sense of the mixed data coming out of the world's second-largest economy, which was reflected in the trade poll. Goldman Sachs forecasted China's exports grew 5.5% last month, the poll's highest prediction, while Societe Generale, conversely, predicted a drop of 3.4%. Economists at Peking University saw a 5.7% fall, the lowest projection. In the first quarter, both i
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- GS's page on the SEC website