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Pressure on the People's Bank of China "to keep policy loose and supportive"

Pressure on the People's Bank of China
Via a note from Kiwi Bank taking a look at New Zealand's largest trading partner, China. A good summary of where China's post-reopening economy is at:China’s post-Covid recovery looks to be stalling. There was an initial burst in activity when restrictions were relaxed in December. But in recent months, several indicators suggest that economic growth is losing steam. Manufacturing activity shrank further in May, with the PMI sliding deeper into contractionary territory (below 50) – from 49.2 to... Read More
Posted: Jun 6 2023, 00:27
Author Name: forexlive
Views: 102883

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