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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.

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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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