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31st Jul 2024 09:33China+Daily Monitor

  • Both July manufacturing PMIs indicate declining activity, especially the dip in the Caixin PMI.
  • Extreme weather is only partly to blame; domestic demand is weak, as the growth model is revamped.
  • China will keep adjusting incremental stimulus until growth is back on track at the “about 5%” target.

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Keywords for: 2 August 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence