SHANGHAI, April 9 (Reuters) – Chinese shares recouped
some of its earlier losses, with the benchmark Shanghai stocks
finishing slightly higher on Tuesday, while investors were
cautious ahead of a key U.S. inflation report and a string of
domestic economic data due later this week.
** The focus this week is on U.S. inflation data due on
Wednesday. China is also scheduled to release March inflation,
trade and credit lending data this week.
** China is also due to report its first-quarter gross domestic
product (GDP) data and activity indicators next week.
** “We think China’s economy will find a firmer footing in
2024,” analysts at HSBC said in a note. “The economy should
expand at around 4.9%, a touch slower than in 2023, but an
arguably better performance, given that base effects will no
longer flatter the numbers. Although we expect the property
sector to stabilise, it will remain a drag for some time yet.
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