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22nd Jul 2024 10:28China+Daily Monitor

  • The PBoC yesterday took markets by surprise with a 10bp policy rate cut to support the economy.
  • Policymakers are prioritising growth support after the disappointing Q2 GDP outturn.
  • President Xi’s comments confirm the ‘advanced manufacturing first’ reform strategy.

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Keywords for: 23 July 2024 China+ Monitor

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