China’s economy stabilized in the first three months of the year, according to official figures released on Wednesday, after Beijing flooded the financial system with money in a whatever-it-takes approach to arrest a slowdown. Officials said that the Chinese economy, the world’s second largest, grew 6.4 percent in the year’s first quarter compared with the same period in 2018. The pace matched that of the fourth quarter, when growth suffered as shoppers pared back , the stock market slumped and private businesses pleaded for help . While economists generally regard China’s economic figures with skepticism , they point to other signs that the country’s current slowdown may have reached bottom. Other figures suggest shoppers are back at the tills, factory output is ticking up and the world, after several tough months, is buying more Chinese goods . Beijing needs such hopeful signs […]