Daily FNArena News - International

Standard Chartered has lifted its growth forecast for the Chinese economy this year on the back of the fiscal stimulus but still sees solid rather than spectacular improvement in 2010.

Recent economic data show the Chinese economy is recovering strongly.

Outlook for Asia is good and growth is more likely to surprise on the upside, DBS says.

Chinese economic data for May beat market expectations.

Two surveys into China’s manufacturers generated a positive result for May.

CLSA’s monthly survey into Chinese manufacturers provided more evidence operating conditions have stabilised.

The H1N1 virus is already more widespread than was SARS, so DBS Group has looked at the scope for an economic impact on the Asian region.

DBS Group has developed a Dashboard measure for assessing where Asia is on the GDP growth curve.

Chinese data this week have not continued to surprise to the upside. They disappointed instead.

China is now rapidly becoming Brazil’s top trading partner, at the expense of the US.