Pantheon Macroeconomics

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6th May 2022 00:00China+, Daily Monitor

The Caixin Services PMI plummeted again in April, as the zero-Covid vice tightened further.

The employment picture is darkening rapidly, and will be a major worry for policymakers.

We are still waiting for a material shift in policy, even so; announcements so far contain nothing new.

caixin employment government job market June labour labour market May mortgage new spending pmi pmis policy service sector services pmi us

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Keywords for: China's Labour Market is Under Increasing Pressure

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