China’s growth measures bearing fruit, but pick-up will be modest, analysts say

News Snapshot:

BEIJING - China’s economy showed tentative signs of stabilising after months of weak growth, with consumption and factory output picking up in August following a stimulus push, but the road to recovery could remain bumpy for some time. The latest economic figures released on Friday boosted cautious optimism that the slowdown in the world’s second-largest economy might finally be easing. China had reported better-than-expected inflation, trade and credit data for July as well. China’s good report for August suggested that the government’s recent roll-out of growth measures have started to bear fruit, analysts said. But they expected the pick-up to...