Has the adjustment time for China’s economy arrived?
The adjustment is serious and is a reaction to the eruption of China’s triple bubble: credit, real estate and stock markets.
China PMI
More bad news for China
Flash manufacturing PMI for August and IMF decision bring more negative news for China.
Markets relieved by China PMI
Caixin China services PMI rose to 53.8, a 11-month high, in July (well above the 50-mark separating contraction from growth and up from June’s 51.8), giving a respite to market watchers concerned by the recent weak manufacturing data.
China PMI fails to inspire
LONDON | By Christian Keller at Barclays | China’s official manufacturing PMI was flat at 51.1in September, slightly below Barclays’ forecast (51.3), but marginally above consensus of 51.0. The data reaffirmed the trend of improving external demand, but soft domestic demand. The China PMI data had a limited market impact, with local markets closed for National Day while AUD fell following the weak sales outcome.