China Recovery Likely Picked Up With Outlook Buoyed by Stimulus [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — China's economy likely continued to show signs of improvement in April, buoying the outlook for recovery as policymakers ramped up support. Data due Friday will offer a glimpse of whether the world's second-biggest economy was able to sustain the recovery momentum in the first quarter as it seeks to achieve an ambitious full-year growth of around 5%. Article content Article content Industrial production probably remained a key growth driver, with robust exports and infrastructure investment driving demand. Consumption could still be a drag as an ongoing property slump has weighed on sentiment. There's been a drumbeat of pro-growth signals from China in recent weeks. Top leaders hinted at measures to reduce property inventory — with Beijing mulling a plan for local governments to buy millions of unsold homes. China will kick off the sale of its
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