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30th Sep 2022 15:15China+, Weekly Monitor

  • China’s September PMIs highlighted the growing divide between China’s private sector and its SOEs.
  • Zero-Covid again pummelled the services sector, and no relief is in sight until November.
  • External demand is still weakening, leaving Chinese growth increasingly reliant on government spending.

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Keywords for: 3 Oct 2022 China+ Monitor

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