China to Keep Up Momentum With Broadening Recovery: Eco Week


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China’s robust economic momentum looks likely to have carried into the second quarter as its factory-led recovery broadened to the consumer — while further adding to global inflation pressures.

Industrial output probably rose 10% in April from a year earlier, while retail sales expanded 25% in the period, according to analyst estimates for data due Monday.

Combined with this month’s report showing a continued export boom even amid slower credit expansion, such evidence of a more widespread rebound taking hold would point to China continuing to be one of the main driving forces for global growth this year.

The country has cemented its role as the world’s factory, producing and selling everything from oxygen concentrators and masks to cellphones and home renovation supplies.


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