Friday’s weaker-than-expected data has increased the odds of a rate cut by the People’s Bank of China in the coming months.
CHINA'S economy, the first to succumb to the Covid-19 coronavirus, is proving to be the fastest to recover.
An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and toward the prospect of being the only major economy to expand this year. Economists surveyed by Bloomberg forecast growth of 2.0%.
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