MARKET WATCH

TO THE POINT: China's economy showed initial signs of recovery, although a full revival is still far away. An array of currency-swap packages is helping the renminbi to go global. Car sales rallied in March in quick response to the government's stimulus measures. The insurance regulator widened the channels for domestic insurers to directly invest in stock and bond markets. The Export-Import Bank of China provided a credit line to withering shipbuilders.