China's macroeconomic indicators in April failed to match March's apparent strengths or market forecasts, raising speculation for further stimulus to shore up sentiment as an escalated trade war with the U.S. stirs up unease. Rather than using broad-based monetary easing and policy rate cuts, policymakers will favor targeted monetary policies, industrial subsidies, and fiscal policy, including tax cuts, to counter the downside risks, ANZ said in a note sent to MNI. Retail sales hit a 16-year low in April, while industrial output fell sharply from a four-and-a-half-year high in March, data released by the National ... (full story)