China: Economic outlook remains discouraging – UOB – by pabspiovano China PMI Manufacturing Banks
Economist at UOB Group Ho Woei Chen, CFA, assesses the latest set of data releases in the Chinese economy.The Jul official PMIs painted a weaker outlook for China’s economy with risks continued to be biased to the downside.
The disinflationary pressure appeared to have eased in Jul for both the manufacturing and non-manufacturing sectors with input prices and output prices picking up but business margins could remain under pressure given that costs are rising faster. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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