China How long can the rebound last?

Data flows have beaten expectations for two consecutive months, implying GDP growth will likely top 7.5% in thecoming quarters. Is this just a replay of the temporary rebound we saw late last year or something more sustainable?First, unlike previous stimulus packages, this time the additional spending is much more targeted and the sources offunding are more diversified, meaning it could last a bit longer without necessarily exacerbating structural problems.

    Second, stable growth creates favorable conditions for accelerating key reforms; which in turn will likely add fuel togrowth in the coming years.