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6th May 2024 18:54China+Daily Monitor

  • April’s RMB343B PSL net repayment is probably related to the PBoC’s desire to cushion bond yields.
  • The April Caixin services activity PMI barely slowed, a rosier picture than the drop in the official index.
  • The Caixin index is tracking the service-sector output data better than the official index.

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Keywords for: 8 May 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence