China Cuts Spending the Most in Six Months in Blow to Economy

China cut government spending at its fastest pace in six months in April, contributing to an unexpected broad-based slowdown in the economy. The report points to weaker fiscal support and softer near-term growth momentum, a modest negative for China-sensitive assets and broader emerging markets.

Analysis

China cut government spending at its fastest pace in six months in April, contributing to an unexpected broad-based slowdown in the economy. The report points to weaker fiscal support and softer near-term growth momentum, a modest negative for China-sensitive assets and broader emerging markets.