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China April GDP Growth At 4.5-5% - Expert

CHINA PRESS
MNI (BEIJING)

China’s economy likely grew between 4.5-5% in April, according to analysts interviewed by 21st Century Herald. Analysts said the industrial sector recovered slower than the service industry and that Tuesday’s data release showed growth lower than potential output. Authorities must do more to boost demand, they said. Credit was used in the past to boost demand in previous economic cycles which led to higher debt, however, fiscal policy should be more active to boost consumption.

MNI Beijing Bureau | lewis.porylo@marketnews.com
Energy BulletsCommodities
MNI Beijing Bureau | lewis.porylo@marketnews.com
Energy BulletsCommodities

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