Pantheon Macroeconomics

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2nd Sep 2022 15:26China+, Weekly Monitor

  • China’s Caixin Services PMI confirmed a loss of
    economic momentum in August.
  • Zero-Covid measures are tightening again, and no significant easing is likely in the next two months.
  • The PBoC is fighting to defend the renminbi, which further limits its ability to help the economy.

caixin core inflation depreciation government labour local governments monetary policy new orders pboc pmi pmis policy policymakers September services output services pmi

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Keywords for: 6 Sept 2022 China+ Monitor

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