The advance estimates of gross domestic product (GDP) for FY17 were released by the government today. At 7.1 percent, the GDP estimates based on data extrapolated for only 7 months of the current fiscal and therefore, excluding the impact of demonetisation, hinted at significant deceleration in the economy.
Going by the positive tone of the equity markets, there is a belief that the PBoC or the People's Bank of China will step into the market again with fresh stimulus, says CNBC's Geoff Cutmore