The market keenly awaits China's April growth indicators (due 13 May) and monetary indicators (due 12-15 May).
IP growth is expected to have improved to 6.0% y/y in April from 5.6% in March, but weak new orders likely kept the print below 6.4% y/y in Q1-2015.
The property-market correction continues to dampen developers' appetite for new land and projects, and funding constraints are likely weighing on infrastructure investment.
"We estimate that FAI slowed further to 13.3% y/y in April, from 13.5% y/y in March. We expect retail sales growth to have picked up slightly to 10.6% y/y from 10.2% in March, on a rise in inflation", says Standard Chartered.
