While the headline numbers from China have pointed to an overall stabilization in the economy this year, and possibly even a pick up in the past couple of months, fresh provincial data shows a splintering growth path that complicates the policy outlook, says Bloomberg. Of the 29 of 31 provinces and municipalities to have published gross domestic product reports for the first quarter, 25 reported a slowdown from 2015’s full-year pace and 14 are undershooting their expansion targets. The provincial slowdowns may also spur fresh question marks over China’s 6.7% expansion pace from a year earlier in the first three months of 2016, after quarter-to-quarter data suggested a slower pace.
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