weather max second largest economy grew faster and expected in the first quarter, thanks to robust consumer spending after lockdowns were lifted, but factory output has lagged due to weak global growth and this raises questions about the sustainability of china s recovery. we have a market strategist here, she says the numbers show how uneven china s recovery has been. it is numbers show how uneven china s recovery has been. recovery has been. it is a recovery has been. it is a pretty dire recovery has been. it is a pretty dire set recovery has been. it is a pretty dire set of - recovery has been. it is a l pretty dire set of numbers. recovery has been. it is a - pretty dire set of numbers. it has against come down below expectations but the bigger shockis expectations but the bigger shock is on the manufacturing side, it kind of shows how uneven the recovery is in china. i think two things are really worth noting here, first we are coming from a strong first quarter whe
initial euphoria has come down. secondly, my big concern here is about geopolitics and that is about geopolitics and that is impacting on external demand, making it weakerfor china but sector and that is something we need to monitor because those are potentially the structural changes that will impact china for the longer term but for now we could potentially see more stimulus measures, i think the politburo statement that came out on friday already hinted at that, saying they are noting weaker savings and weaker spending and investment as well, so that that signals the chinese economy will be geared up chinese economy will be geared up with some amount of stimulate measures for now. stimulus measures. we are seeing ripple that a deal to rescue the first republic bank is imminent, us regulators have reportedly asked six banks to bid for the lender. their shares plunge last week after it admitted
weather max second largest economy grew faster and expected in the first quarter, thanks to robust consumer spending after lockdowns were lifted, but factory output has lagged due to weak global growth and this raises questions about the sustainability of china s recovery. we have a market strategist here, she says the numbers show how uneven china s recovery has been. it is numbers show how uneven china s recovery has been. recovery has been. it is a recovery has been. it is a pretty dire recovery has been. it is a pretty dire set recovery has been. it is a pretty dire set of - recovery has been. it is a l pretty dire set of numbers. recovery has been. it is a - pretty dire set of numbers. it has against come down below expectations but the bigger shockis expectations but the bigger shock is on the manufacturing side, it kind of shows how uneven the recovery is in china. i think two things are really worth noting here, first we are coming from a strong first quarter where we had