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Economic outlook: Chinese balance sought

Data and central bank action from Asia are the primary economic events this week as Chinese growth comes under the microscope and Japan holds its April monetary policy meeting.

China publishes its flash estimate of first-quarter growth on Friday and, according to an official from the National Development and Reform Commission last week, gross domestic product in the January-March period is expected to come in at an annualised 8.4 per cent.

In early March, Beijing lowered its annual growth target to 7.5 per cent after six years of targeting 8 per cent. The announcement spooked many markets and led to falls for metals on commodity exchanges and mining groups on global equity indices.

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