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16th Mar 2022 00:00China+, Daily Monitor

  • China's state sector led a rebound in economic growth in early 2022, as investment surged.
  • Data is always noisy at this time of year, however, and the surge is driven by frontloading spending.
  • Growth will likely slow by April, given soaring Covid cases and base effects, prompting more easing.

construction credit credit growth developers energy fai growth fiscal stimulus government government spending healthcare ip liquidity local government manufacturing March mlf MLF rate pboc pmis policy q3 real estate retail sales rrr rrr cut smes soe us

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Keywords for: Stronger than Expected, but for How Long, as Headwinds Build

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