2 Aug 2022 China+ Monitor Reality Reasserts Itself in China, as the Reopening Rebound Fades

Craig Botham29th Jul 2022 15:50China+, Daily Monitor

China’s PMIs fell in July, reversing the June bounce, as the gains from reopening were exhausted.

Other sources of demand are few and far between, with stimulus efforts limited in scope and ambition...

...and global demand on the wane amidst multiple headwinds, as clearly shown by Korean export data.

August autos autos sector caixin caixin pmi caixin survey car purchases central banks china construction covid-19 cpi current account current account surplus economy energy export orders exports external demand February food forecasts gdp growth imports index infrastructure spending input prices inventories japan July June korea liquidity manufacturing manufacturing pmi manufacturing sectors manufacturing surveys May monetary monetary policy nbs new export orders new orders non-manufacturing pmi official manufacturing pmi orders output growth petroleum pm pmi pmi manufacturing pmi services pmis policy policymakers q1 q2 q3 q4 recession rrr rrr cut supply supply chain survey surveys tax tax cuts trade trade balance yield curve yields

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Keywords for: 2 Aug 2022 China+ Monitor

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