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29th Aug 2023 19:27China+, Daily Monitor

  • China manufacturing activity remains weak, as the PMI shrank for the fifth straight month in August.
  • The silver lining is that new orders and production are now above 50, the highest level since March.
  • The announced lowering of downpayments and existing mortgage rates is not a game-changer.

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Keywords for: 1 September 2023 China+ Monitor

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