China’s economic performance has been gloomy and generally below the market’s consensus. The National Bureau of Statistics of China had released July’s CPI , YoY -0.3% , a slightly bit better than market’s expectation of -0.4% . This is the first time China fell into deflation since early 2021. Most of the news circulating out there were portraying this set of data badly , but the MoM increment in CPI was neglected by the market. From the chart abov...
China had just released one of it’s vital economy data , PMI , this morning. PMI is an indicator that summarizes whether the economy is expanding, staying the same, or contracting as viewed by purchasing managers. Albeit the manufacturing PMI is still below 50 , but it has risen to the highest level since four months ago , while on the other hand , non-manufacturing continue to slide although still above 50 The Chinese government has just conducted Politburo meeting on 24/...
can tell which side 🤔 SG on. Too obvious 🙄
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HOPE IS UP.^
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Most of the news circulating out there were portraying this set of data badly , but the MoM increment in CPI was neglected by the market.
From the chart abov...
PMI is an indicator that summarizes whether the economy is expanding, staying the same, or contracting as viewed by purchasing managers.
Albeit the manufacturing PMI is still below 50 , but it has risen to the highest level since four months ago , while on the other hand , non-manufacturing continue to slide although still above 50
The Chinese government has just conducted Politburo meeting on 24/...
Meanwhile, UPs are more than DOWNs.
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