Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

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<strong>Manufacturing activity remains lacklustre: </strong>The Caixin PMI (which covers the small and medium enterprises better) fell to 48.6 in June from an already weak 49.2 in May 16, as output and new orders declined. While the official NBS PMI for June edged down to the neutral level of 50, the details were weak, showing new orders including new export orders to be still weak.</li>
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<strong>However, non-manufacturing activity is expanding:</strong> The NBS non-manufacturing PMI rose to 53.7 in June from 53.1 in May 16, driven…</li>
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Manufacturing activity remains lacklustre: The Caixin PMI (which covers the small and medium enterprises better) fell to 48.6 in June from an already weak 49.2 in May 16, as output and new orders declined. While the official NBS PMI for June edged down to the neutral level of 50, the details were weak, showing new orders including new export orders to be still weak.

However, non-manufacturing activity is expanding: The NBS non-manufacturing PMI rose to 53.7 in June from 53.1 in May 16, driven…


China: Mixed Signals on the State of the Economy