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Analysts expect stable economic data for April
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China's economy may have stabilized over the past month but trade performance is likely to stay negative, analysts said before economic data for April is released this week.
"We expect April data to show growth momentum stabilizing due to the 'mini-stimulus' effect and a modestly improving export outlook," said Wang Tao, an economist at UBS.
Chang Jian, a Barclays economist, also said there will be some improvement in April data given the government's supportive measures announced in mid-March.
The Consumer Price Index, the main gauge of inflation, is expected to be around 2 percent in April, down from 2.4 percent a month earlier due to falling food costs.
Industrial production and fixed-asset investment growth will change little at around 9 percent and 17 percent respectively, analysts said.
However, exports and imports, both of which slumped in March, likely continued to decline, albeit at a slower pace, in April, according to analysts.
Wang projected China's exports to dip 0.5 percent from a year earlier and imports to contract 4 percent. Chang said exports will decrease 4 percent while imports will slip 1 percent.
In March, China's exports dropped 6.6 percent and imports declined 11.3 percent, much worse than expected due to China's strengthened efforts on combating speculative money, as well as being compared to a high base a year earlier.
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