More Stimuli Needed to Support China’s Gradual Economic Recovery

<p>Industrial production (IP) expanded +3.9% y/y in April, beating consensus of +1.5% growth and a -1.1% contraction in the prior month. The strong recovery was mainly driven by the low base effect. Production of automobile, and machinery and equipment contributed the most to the April recovery. These sectors were hurt severely in the first quarter […]</p>
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