A-Share Non-metallic Building Materials A-Share Banking It is no longer structural quantitative factors that are curbing French growth, but uncertainty and lack of confidence Jobless recovery? China: March CPI inflation remained at 1.4%oya, PPI deflation narrowed to -4.6%; expect further monetary easing Late March CISA output fell to 2 year low Employee stock ownership program a crucial step towards corporate reform, upgrade to OW PT lifted on improved outlook for multi-pronged growth story Asia focus: FDI inflows COMPANY NEWS