It doesn’t happen every month, but both PMIs for Chinese manufacturers showed a different picture in January.
Today’s data released in China mostly beat market expectations, but contrary to last year, that is no longer such good news.
Hot money inflows continue to support China’s accumulation of foreign exchange reserves. These inflows are complicating policy issues for the People’s Bank of China.
The Peoples Bank of China has increased its deposit reserve requirement ratio, kicking off a monetary tightening process.
Chinese trade data for December blew expert estimates away supporting views of a V-shaped recovery while putting pressure on policymakers to react.
China’s latest CPI, PPI and industrial production numbers were all better than had been expected.
Two leading surveys indicate Chinese manufacturers continue to enjoy solid momentum and conditions.
Forget Chinese economic growth. Currency imbalance means China is also potentially dragging the world back into crisis.
The world economy might be on the road to recovery, but it’s Asian growth that the “advanced” economies have to thank.
China has made a strong start to the fourth quarter, with many number surpassing pre-GFC levels, but monetary policy is still a major question.