Closely Watched PMI Data Out Of China Misses, Suggesting Recovery Still Fragile

Closely Watched PMI Data Out Of China Misses, Suggesting Recovery Still Fragile

Previously high-flying Chinese stocks have suffered mightily over the past week and at least part of the "problem" is good data. A string of upbeat reads on a variety of activity indicators and a rebound in credit growth have forced markets to ponder whether Beijing might be inclined to take a less aggressive approach to stimulus going forward. That's weighed on sentiment in Mainland shares, which were world-beaters in Q1 rising ~30%. The problem with good news becoming "bad" news is that any
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One thought on “Closely Watched PMI Data Out Of China Misses, Suggesting Recovery Still Fragile

  1. Please rehash that idea that a friend of yours had that Xi wanted to slow things to set up room to recover and buy him votes for the next term. It definitely looks like a certain amount of recovery failure is deliberate engineering especially with the high exigent debt to GDP ratios suggesting over stimulus is also harder and harder to avoid. I sure wouldn’t assume that Europe will get the usual boost from a Chinese “upswing”.

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