China's economy is set for steady rebound in Q2

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CHINA's economy is set to rebound steadily in the second quarter given steady demand recovery, resilient exports and a low comparison base in the previous year, analysts said.

NBS data showed China's retail sales, a key measurement of consumer spending, rose 3.7 percent year-on-year in May versus the 2.3 percent rise in April.

"Still-squeezed bank net interest margins, capital outflow concerns and persistently poor credit demand have been the reasons we think monetary easing will act only as a very modest, secondary stimulus tool this year," she said.

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Category: EconomyBusiness

Markets: MalaysiaChinaOmanSingapore

Topics: Monetary policy Economy /Business/Business News GDP Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-18 @ 15:07:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 616 words

Reading Time: 4 minutes read

Sentences: 21 lines

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Copyright Owner: © The Star

News ID: 21298137

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