Economy is set for steady rebound in 2Q

The way forward: Geely Auto Group CEO Jerry Gan unveils the Galaxy Starship AI-driven SUV prototype in Beijing. China’s value-added industrial output grew by 5.6% in May, while fixed-asset investment increased by 4% in the January to May period. — AP

BEIJING: China’s economy is set to rebound steadily in the second quarter, given steady demand recovery, resilient exports and a low comparison base in the previous year, analysts say.

They noted the country is heading in the right direction with regards to dealing with structural issues like property woes, and said more efforts should be made to overcome housing troubles and boost effective domestic demand.