The last two months have brought strong evidence that China’s economy is picking up speed. But this is a lopsided recovery. Small firms are still struggling, according to the official manufacturing PMI, while investment in manufacturing continues to slow. By contrast, larger firms are getting back on their feet helped by a sharp turnaround in infrastructure investment.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.