"The government's stimulus measures implemented last year have managed to stabilise growth and lay the foundations for solid expansion this year, " said Dariusz Kowalczyk of Credit Agricole CIB.

BBC: China growth shows signs of pick-up from 13-year low

He contended that stable home prices will, in turn, lessen foreclosure pressures and lay the foundations for a solid economic recovery as American homeowners regain confidence.

FORBES: Market Scan