China’s flash PMI – released on Thursday by HSBC – marked a small, but key moment in China’s recent economic narrative. For the first time in over a year, the gauge showed expansion in the manufacturing sector with a reading of 50.4.
It follows promising October data for trade, retail sales and investment. China’s official PMI already showed expansion in the sector last month. Continue reading »
It’s been a while since the dreaded “green shoots” phrase was last rolled out. And we can’t claim credit for it this time. Instead, it is the China economics team at Barclays, in one of their many reports looking at the weekend’s data points.
And, to be fair, there is some cause for a spot of optimism. Continue reading »