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25 matches for " private firms":
The private sector in China has finally joined the party, boosting the durability of the economic recovery.
Last week, the Chinese authorities were out in force, talking up the economy and markets, and bearing measures to support private firms.
Markets see a strong possibility, though not a probability, that the BoJ will cut rates on Thursday.
Monetary policy usually is the first line of defence whenever a recession hits.
China's official real GDP growth slowed to 6.0% year-over-year in Q3, from 6.2% in Q2 and 6.4% in Q1. Consecutive 0.2 percentage points declines are significant in China.
Chinese headline industrial profits data show that growth slowed to just 4.1% year-over-year in September, from 9.2% in August.
Our analysis of the Q3 activity and GDP data in yesterday's Monitor strongly suggests that China's authorities will soon ready further stimulus.
The Caixin manufacturing PMI was steady in May, at 50.2, in contrast to the official gauge published on Friday, which dropped to 49.5, from April's 50.2.
Japan's firms are done hiring. Tokyo inflation points to uptick in national gauge, driven by non-core effects. Japan's start to Q4 goes from bad to worse, as industrial production tanks in October. Still far too soon to call time on Korea's IP recovery, despite the October setback. Governor Lee attempts to manage 2020 expectations, as the BoK stands pat after the October cut.
Fresh deterioration in Chinese profits.
One of the main reasons we expect the Reserve Bank of India to roll back at least one of this year's rate cuts before the end of the year is the likely further rise in food inflation.
China is facing a nasty mix of spiking CPI inflation and ongoing PPI deflation.
The early damage in India from Covid-19 and the nationwide lockdown likely was significant enough to hammer the GDP report for the first quarter, due tomorrow.
The PBoC late on Wednesday announced measures to provide medium-term funding for smaller businesses.
China's manufacturers ended the third quarter on a fairly strong note.
China's official and Caixin manufacturing PMIs have diverged in the last couple of months.
The BoJ yesterday kept the policy balance rate at -0.1%, and the 10-year yield target at "around zero", in line with the consensus.
Chinese GDP numbers always require a great deal of detective work, and yesterday's needed more than the norm; multiple rounds of revisions needed decoding.
It appears to be something of an article of faith among economic advisors to President-elect Trump that substantial fiscal stimulus will generate faster growth without boosting inflation, because both labor participation and productivity growth will rise.
The bulk of China's PMIs were published over the weekend and yesterday, leaving only the Caixin services PMI on Wednesday.
We held our breath this month.
Credit to the Chinese authorities for sticking it out with the marginal approach to easing for so long... at least two quarters.
Yesterday, China finally retaliated against Mr. Trump's Friday tariff hikes, promising to increase tariffs on around $60B-worth of U.S. goods.
Chinese industrial profits growth officially edged down to 25.1% year-over-year in October, from 27.7% in September. This is still very rapid but we think the official data are overstating the true rate of growth.
China's authorities recognised, around the middle of this year, that activity was slowing and that monetary conditions had become overly tight.
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