China's economy grew 6.4% in the first quarter...
Asian stocks closed higher on Wednesday after a raft of positive Chinese data signaled a recovery in the world's second-largest economy.Growth in industrial output, retail sales and fixed-asset investment also impressed.
Asian stocks closed higher on Wednesday after a raft of positive Chinese data pointed to a recovery in the world's second-largest economy, dampening fears of a global slowdown. "This is just the latest in a string of recent Chinese data that has surprised to the upside, indicating that policy implemented by Beijing at the end of last year could finally be bearing fruit," said Jasper Lawler, head of research at London Capital Group.
However, the market reaction to the positive data may have been muted by concerns that Chinese policymakers may now decide to temper planned monetary stimulus, Naeem Aslam, chief market analyst at TF Global Markets, warned.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asia Pacific stocks poised for mixed open ahead of China GDP releaseChina is set to report its GDP figures for its first quarter later at 10:00 a.m. HK/SIN today.
Weiterlesen »
China first quarter GDP growth set to slow to 6.3 percent, more policy support neededChina is expected to report on Wednesday that economic growth slowed to its weak...
Weiterlesen »
China first quarter GDP growth steady at 6.4 percent year-on-year, beats expectations for slowdownChina's economy grew at a steady 6.4 percent pace in the first quarter from...
Weiterlesen »
Killer hog disease now a 'dire situation' in China that could lead to higher global pricesAs African swine fever continues to ravage China's hog herd, the impact may be far worse than Beijing is conceding. It could lead to significant shortages of the country's staple meat and drive up global prices of protein, according to experts.
Weiterlesen »
Global markets are rallying on China and Jamie DimonStocks are rallying around the world on strong China economic data and Jamie Dimon's supportive comments on the U.S. economy.
Weiterlesen »
Why 'Star Wars' is a global phenomenon in just about every country — except ChinaGeorge Lucas' space opera is a cornerstone of the modern film industry and a cultural phenomenon around the globe. So, why has it flopped in China?
Weiterlesen »
Global steel demand slows as China economy falters and trade war hitsGrowth in global steel demand will weaken over the next two years because of slo...
Weiterlesen »
VW says China to become global software development hub to autonomous techVolkswagen will use Chinese software developers to help design a global autonomo...
Weiterlesen »
China's strong data sparks major stock rally after with economic stimulus 'bearing fruit'Global stock markets were broadly higher Wednesday after China released positive GDP, industrial, retail and investment data.
Weiterlesen »