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During the first quarter China's economy expanded faster than expected as higher government infrastructure spending as well as a gravity-defying property boom helped to spur industrial output by the most for over two years.
Surge of 6.9% turned to be the fastest in six quarters, with positive retail sales and exports and forecast-beating March investment - all suggesting that the Chinese economy is capable of carrying solid momentum into spring.
However, most experts tell that the first quarter might be as good as it gets for China in 2017, and they worry that Beijing is still mostly relying on stimulus as well as “old economy" surge drivers, mostly the steel industry and a property market, demonstrating signs of overheating.
The Chinese government is used to relying on infrastructure development for the purpose of sustaining growth in the long term. That’s what financial experts at ANZ told in a note.
In July, American retail sales jumped more than anticipated because households spurred purchases of cars and clothing, hinting that the American economy was still firm early in the third quarter…
In July, American industrial output managed to ascend, backed by higher manufacturing output, which is an upbeat indication of economic surge in the United States…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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