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China's Economy: K-Shaped Divergence in April
Description
Chinas economy displayed a K-shaped recovery in April, with retail sales stagnant and industrial production surging. Exports remained robust, driven by trade despite global tensions. Consumers, however, are cautious due to weak jobs and the property market slump. Policymakers are holding back on stimulus, focusing on manufacturing as Chinas core strength. Mondays data will highlight the economys imbalances, with trade propping up supply and consumption still sluggish.
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