China’s robust economic momentum looks likely to have carried into the second quarter as its factory-led recovery broadened to the consumer -- while further adding to global inflation pressures. Industrial output probably rose 10% in April from a year earlier, while retail sales expanded 25% in the period, according to analyst estimates for data due Monday. Combined with this month’s report showing a continued export boom even amid slower credit expansion, such evidence of a more widespread rebound taking hold would point to China continuing to be one of the main driving forces for global growth this year. The ... (full story)