Odds narrow on China stimulus as Q1 economy seen weakest in 5 years
Published on Mar 25, 2014 11:38 AM
BEIJING (REUTERS) - The odds of Beijing intervening to support the sluggish Chinese economy are narrowing following a slew of data that points to the weakest growth for China since the global financial crisis.
The economic pain may not be over, either, as some economists forecast that the slowdown could deepen further in the second quarter of the year.
It all adds up to increasing pressure on Beijing to provide the economy with a lift if the government wants to meet its full year growth target of around 7.5 per cent.
"The government probably will have to provide some supporting measures," said Wei Yao, China economist at Societe Generale in Hong Kong.
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