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1st Jan 2024 20:53China+, Daily Monitor

  • December’s NBS manufacturing PMI fell for a third straight month, to the weakest level since June.
  • The divergence between the official and the Caixin measures continues, especially on export orders.
  • The government will rely more on fiscal policy in 2024. The PSL deployment is a quasi-fiscal example.

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Keywords for: 3 January 2024 China+ Monitor

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