China September data seen tipping mild pickup in economy

A flurry of data from China in coming weeks is expected to point to modest improvement in the economy in the third quarter as a government infrastructure spree and a housing boom boosts demand from steel and glass to furniture and appliances.
Exports are expected to remain, weak, however, while fixed asset investment is likely to hover near 17-year lows, leaving the economy imbalanced and highly reliant on a rebound in heavy industry and government spending for growth.
"Firmer manufacturing activity points to faster GDP growth," ING's chief Asia economist Tim Condon wrote in a... read more