Operating conditions for Chinese manufacturers improved markedly in October, report HSBC/Markit Economics.
This month’s round of Chinese economic data and the third quarter GDP result came in much as expected.
Having not raised rates since December 2007, yesterday the PboC surprised markets and sent the US dollar crashing up and stocks and commodities crashing down by announcing a 25bps hike.
Chinese policy makers have some important choices in front of them, GaveKal reports.
Manufacturers in China continue enjoying improving conditions, but price inflation is roaring its head, the September survey by HSBC/Markit suggests.
ANZ Banking Group suggests the Chinese government needs to introduce some additional policy changes to maintain the long-term development of the property market.
Gerard Lyons, chief economist at Standard Chartered, on global growth and what lies ahead for China.
Both PMI surveys for China showed moderate improvements in August.
India has reported soaring 8.8% GDP growth but a breakdown of the numbers tells a less inspiring tale.
More data from China have simply added to more concerns about the slowdown and about the need for further rate hikes.