China Recovery Likely Picked Up With Outlook Buoyed by Stimulus

News Snapshot:

China’s economy likely continued to show signs of improvement in April, buoying the outlook for recovery as policymakers ramped up support. Data due Friday will offer a glimpse of whether the world’s second-biggest economy was able to sustain the recovery momentum in the first quarter as it seeks to achieve an ambitious full-year growth of around 5%. Industrial production probably remained a key growth driver, with robust exports and infrastructure investment driving demand. Consumption could still be a drag as an ongoing property slump has weighed on sentiment. There’s been a drumbeat of pro-growth signals from China in recent weeks....