中国 4 月数据显示经济失衡持续，关税缓和缓解短期增长下行压力

J P M O R G A N 更多资料加入知识星球：水木调研纪要 关注公众号：水木Alpha Asia Pacific Economic Research 19 May 2025 China: April data points to continued economic imbalance Tariff de-escalation eases near-term downside growth pressure Following the strong 1Q25 GDP report and broad-based upside surprise in March data, China's April activity data came in rather mixed, with continued imbalance among various economic sectors. While industrial production activity continued with steady momentum, demand conditions (on both external and do ...