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China Data Response

China Data Response

HSBC/Markit Flash PMI (Jun.)

The slowdown in Chinese manufacturing signalled by June’s flash PMI was unexpectedly sharp. But the data suggest that price pressures have also subsided. Policymakers should soon have space to loosen credit restrictions, enabling the economy to achieve a soft landing.

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This article is tagged with the following subjects: China, Growth, Macro-economics, Mainland China
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