Bloomberg reports that China's property-led economic rebound gathered pace in April, according to the earliest batch of private indicators for the month. Gauges from four providers all increased in April from March, while sub-indexes for employment showed stronger demand for workers. Still, not all the clouds have parted: data tracking the outlook of businesses show companies remain reluctant to invest. New credit, industrial output, fixed-asset investment and retail sales all picked up and exceeded economists estimates in March, while first-quarter economic growth matched forecasts for the slowest expansion since 2009. Signs the recovery is enduring into the second quarter may entrench a change in forecasts for monetary policy, with analysts already dialing back expectations for additional easing.

Washington Post writes that ever since Chinese computer maker Lenovo spent billions of dollars to acquire IBM's personal-computer and server businesses, some lawmakers have called on federal agencies to stop using the company's equipment out of concerns over Chinese spying.This past week, those lawmakers thought the Pentagon finally heeded their warnings. An email circulated within the Air Force appeared to indicate that Lenovo was being kicked out. "For immediate implementation: Per AF Cyber Command direction, Lenovo products are being removed from the Approved Products List and should not be purchased for DoD use. Lenovo products currently in use will be removed from the network," stated the message. Then the Pentagon's press office weighed in. Not so fast, it said.In fact, Lenovo has never been on the "Approved Products List".The squabble comes amid heightened tension between the United States and China over cybersecurity..