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16 Aug 2022 China+ Monitor From Fireworks in June to a Damp Squib in July for Chinese Growth

Craig Botham12th Aug 2022 15:11China+, Daily Monitor

Chinese activity has slowed sooner than expected; the reopening rebound has failed to gain traction.

Supply-side stimulus measures are the wrong prescription for an economy lacking demand.

The PBoC delivered surprise easing yesterday, but it looks half-hearted, and will achieve little.

cement production consumer confidence credit domestic demand electricity exports government July June liquidity loans local governments manufacturing mining mlf monetary policy pboc policy policymakers rate cut real estate repo retail sales rmb tax cuts unemployment us utilities youth unemployment

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