Top-tier Chinese economic data including first-quarter GDP grabs the Asian spotlight this week, as investors across the region and beyond weigh whether the U.S. banking ‘crisis’ is in the rear view mirror or if there’s more serious trouble ahead.
Yi also said the central bank will seek to get real interest rates slightly below the potential growth rate.
Figures on Monday are expected to show that wholesale price inflation in India virtually halved in March to a 1.87-percent annual rate from 3.85 percent. It was 16 percent less than a year ago. Don’t be surprised by an upside event – China’s economic surprises index is at its highest in 17 years.
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