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6th Jun 2022 22:20China+, Daily Monitor

Employment—the ultimate goal of China’s growth targets—fell further in May, despite reopening.

We expect further support to be rolled out until the situation shows a sustained improvement.

Price pressures still look modest, and consumer inflation likely edged only slightly higher in May.

caixin composite pmi core inflation employment energy fuel gdp growth headline inflation June labour labour market manufacturing manufacturing pmi May official manufacturing pmi pboc pmi pmis policy policymakers surveys trade u.s. unemployment unemployment data youth unemployment

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