China: PMIs disappointed in April – UOB – by pabspiovano China PMI Manufacturing Banks
UOB Group’s Economist Ho Woei Chen, CFA, reviews the latest PMIs results in the Chinese economy.unexpectedly contracted in Apr for the first time since its border reopening this year. External demand headwinds remain the key drag to China’s recovery.”
“Brisk tourism and consumption at the start of the Labour Day holiday as reported by China’s state media indicates that there is room for further recovery in private consumption demand.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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