gdp data from china integrates growth across the country is going further and policy.plicates stephen engleus. they look like growth is stabilizing. not so much for the municipalities. stephen: it is hard to put one figure on china's economy as growth as splintering. you have coal and steel which are severely suffering. skyrocketingices in places like beijing where 90% of the growth in the first quarter was in services. in the west, you have lots of successes in investment in going into roads, railways, and bridges. discrepancy going on. the latest number you got was very telling because you have 21 of 30 regions reporting their own growth numbers. belt, whichhe rust had its big reckoning back then. they have not reported. provinces rust belt that are heavy. they are suffering. they had not reported yet. was 3% in the fourth quarter. it was probably worse. xi province has reported 3% growth. you have hunan province low growth. this is the chart on the far right. you can see the estimate of 7.11% currently because that is affecting the rebound we have seen. these numbers are painting a diffe

stephen engle reports. stephen: china's record bond rally is at risk. tenure sovereigns have seen their biggest decline in 10 months. it is adding deflation over the improving economy. that includes the chances for further stimulus. 17 analysts surveyed by bloomberg news say it will maintain its paws on the monetary easing. the data due monday will likely show the fastest deflation in two years. now that the stabilization of the economy is more certain, the collection in the bond market is more certain. we are about an hour away from the end of friday session. mark: stocks are rising for the third day this week. forstoxx 600 is on track the biggest drop since october 2014. u.k. stocks are rising. let by drug companies. stocks are down for a fourth week. it is the most since june. however for an industry group. we have energy stocks of by 3%. week have been of since january. and, banks are up today. the top 600 bank sector. it is up for the consecutive week. let's go over to the u.s.. abigail doolittle has the latest. what do you have for me? i would the

we have stephen engle watching all of the details. we are talking not a deep shade of recovery. like a backwards j. we don't have official numbers for april, but we have private gauges, one from china, three from overseas, one from satellite imagery which is very interesting. i want to bring up these four , a slightt show improvement. we count of new this -- kind of knew this, but now we see the main index rising to a year high. it is still below 50 and showing competence is quite weak. also belowctoring is 50. .5 -- to 50.5. and the china satellite manufacturing index, this is a base company called, where is it? sky, i can't find it. space no. they track more than 1000 different factories in china and see the economic activity coming in and out of the factories. angie: they are looking for trucks going out, raw materials? stephen: this rose slightly to 42, still below 50, from 48. it only had one positive above 50 reading in the last year. it is an improvement but there is a caveat three and there is still some headwinds in china manufacturing. angie: i see the pace of growth sl