China posted stellar economic growth in the first quarter of the year, but one good quarter does not erase its deflation woes, says Coface chief APAC economist Bernard Aw. SINGAPORE: There is some mystery about the Chinese economy right now. Despite a chorus of warnings about China’s economic woes - from the downturn in the real estate sector to subdued household consumption and local government debt - why is its growth rate defying expectations? Last year, the world’s second-largest economy