China: Evidence of a truly robust 2023 recovery, economy fired on most cylinders in April

Dow Jones / Market Watch report on analysts assessment of China's recovery.the report cites CBB:

• "New data offer the first evidence of a truly robust 2023 recovery," analysts at China Beige Book wrote over the weekend. "The economy fired on most cylinders in April, as indicators not only gained over COVID-depressed levels of a year ago but also bettered last month. In addition to the best consumer spending we've seen in months, property notched its best results since September."

More here.

Its still a mixed bag, as the manufacturing PMI data showed:

• ICYMI: China printed a miserable manufacturing PMI result for April, back into contraction

But I also noted reasons to be more optimistic:

• While China's April PMI was weak, there are positive signs for oil from holiday travel

China is out for most of this week on holidays.