Live News: China data shows economic green shoots ahead of Q1 GDP figure
Financial data: The People’s Bank of China announces the interest rate on its one-year medium-term lending facility. “If there is a cut today, we can be pretty sure of it [Tuesday’s] The GDP report will be worse than expected, says Robert Carnell, head of Asia-Pacific research at ING. India and Singapore publish trade balance for March.
India: Several three-day meetings begin under India’s G20 presidency: the health working group meets in Goa, the digital economy working group meets in Hyderabad and leading agricultural scientists gather in Varanasi. The two-day G20 Space Economy Leaders Meeting begins in Shillong. Prime Minister Narendra Modi is traveling to Somnath to inaugurate the Saurashtra Tamil Sangamam, a two-week cultural event celebrating the Tamil community in his home state of Gujarat.
Australia: Western Australia Premier Mark McGowan begins a five-day trip to China focused on trade, his first in four years and another sign of easing tensions between Beijing and Canberra. The state accounted for 53 per cent of Australia̵[ads1]7;s total merchandise trade with China in 2021-22, according to official data.
Industry: Chinaplas 2023, the world’s largest trade fair for the plastics and rubber industry, opens at the Shenzhen World Exhibition & Convention Center. Organizers say around 160,000 visitors are expected to see products and services from the almost 4,000 exhibitors. The Canton Fair, which opened on Saturday and brought in foreign visitors for the first time since the Covid-19 pandemic, continues until May 5.
Technology: Beijing-based mobile game developer Kunlun is hosting a public test of its ChatGPT-like product, while Shenzhen-headquartered telecom company Huawei is launching its Nova 11 series of mobile phones.