But we expect further growth moderation before a slight rebound at the end of the year.Latest data releases from China broadly point to stabilisation in activity in August after a notable deceleration in the previous months. Industrial production, retail sales and fixed-asset investment all rebounded slightly last month. While the data releases seem to show some signs of stabilisation, we think growth momentum could remain soft in the near term given a continued decline fixed-asset...
Read More »Chinese nonmanufacturing activity holds up, but manufacturing slightly down
Macroview Nonmanufacturing helped by construction, but growth may slow given stimulus pull-back China’s official and Caixan purchasing manufacturing indices (PMI) declined in June. The official figure stood at 50 (down from 50.1 in May), right at the mid-point between expansion and contraction, while the Caixin PMI fell to 48.6. At the same time, the official PMI figures show that activity at large companies, many of them state owned, was much stronger than at small and medium-sized...
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