China may be shaking out of its slump, and its economy could grow 5% this year after a surprising first-quarter performance, BofA says

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China may be shaking out of its slump, and its economy could grow 5% this year after a surprising first-quarter performance, BofA says

SHANGHAI, CHINA - FEBRUARY 24: A woman crosses a pedestrian crossing in wet weather in the Shanghai's financial district (Lujiazui) on February 24, 2018 in Shanghai, China.Vincent Isore/IP3 Bank of America upgraded is forecast for China's 2024 GDP growth to 5.0% after a strong first quarter.  China's breakout from its economic slump may also mean less government support ahead, BofA said. BofA doesn't expect a "a full-blown growth rebound" as rea…