China's economic data for the first quarter was released on 15th April – the country’s GDP during the first quarter was 15.8 trillion yuan, showing 6.7 percent growth from a year earlier and better-than-forecast strength.

ANBOUND’s research team highlights that we should remain objective when judging the economic situation in China, while there are signs that the economy is gaining momentum, we should not overlook the fact that the underlying trends have yet to be reversed.

The economic rebound in the first quarter is not only short-term but also relative.

We do not believe the US economy can thrive during the global slowdown, China’s economy has been plagued with even more problems, how could you expect China to be the exception?

It will be of great significance if the decision makers in China could stay objective while interpreting the economic situation in the first quarter.