Dow Jones / Market Watch report on analysts assessment of China’s recovery.the report cites CBB:
- “New data offer the first evidence of a truly robust 2023 recovery,” analysts at China Beige Book wrote over the weekend. “The economy fired on most cylinders in April, as indicators not only gained over COVID-depressed levels of a year ago but also bettered last month. In addition to the best consumer spending we’ve seen in months, property notched its best results since September.”
Its still a mixed bag, as the manufacturing PMI data showed:
But I also noted reasons to be more optimistic:
China is out for most of this week on holidays.
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