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Shopping carts are seen at a supermarket in Beijing, April 16, 2014. China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity.
Shopping carts are seen at a supermarket in Beijing, April 16, 2014. China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity.
(Kim Kyung-Hoon/Reuters)

Stocks that will win from China’s shift to a consumer economy

A recent series of Chinese economic data will do little to help domestic resource investors, but there are also encouraging signs that the government plan to rebalance the economy towards consumer spending – one that would provide major investment opportunities – is gaining traction.

The Chinese economic data that is most heavily associated with Canadian resource stocks – gross domestic product growth, money supply, and industrial production – has all been reported below analyst expectations over the past few days. Fixed asset investment growth was reported at 17.6 per cent, the lowest level since 2002.