Chinese consumer sentiment improved this month, putting it at its highest point since last July according to a monthly survey.
The Westpac MNI China Consumer Sentiment Indicator increased 2.4 per cent month-on-month in March to 114.7, from a reading of 112 in February.
The Aussie bank argues the uptick is a "tentative sign" that consumers have registered easing measures undertaken by the People's Bank of China, as well as benefiting from lower energy prices due to the global oil price rout. These appear to have outweighed any impact of lowering the annual growth target, they said.
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