In today’s Macroeconomic Briefing we provide a special focus on China, highlighting research that assesses the evidence of a potential rebound in the economy after what is believed to have been an intensive round of stimulus employed by China’s monetary and fiscal authorities. Gavekal’s comprehensive analysis shows that credit growth and infrastructure are picking up, but property, consumption and industrial profits have not bottomed just yet, PRC Macro say it may still be too early to tell, because economic and credit data for March could have been highly distorted, and while there are signs of stabilization in the economy, they are uneven and unbalanced. Caixin Insight Group’s countrywide industry survey results from February seem to back that up. Global Source Partners shine a line on the property sector and conclude that the recent data on land sales, property financing, and consumption trends suggest analysts may be too optimistic of a recovery, while Enodo Economics say that if investors are to get the China story right, they need to understand the China’s monetary and credit cycle is changing in makeup. Indicators such a foreign asset flows and circulation of money are now a crucial element to monitor to understand underlying economic momentum.