External broker reports(aggregated public sources), ABN AMRO

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External broker reports(aggregated public sources)

China Economics: Troubles Not Easily Solved by Beijing’s Support Measures

China Economics: Further Recovery Hinges on Painful Readjustments

China Economics: “Japanification” in China and the New Low Growth Equilibrium

Macroeconomics

<ul><li data-component-type="container">While recent macro data pointed to an improving growth momentum over the summer months, the October PMIs published over the past few days serve as a reminder that headwinds from the property sector woes and the global growth slowdown are still strong.</li><li data-component-type="container"> To start with manufacturing, the October PMIs from both NBS and Caixin dropped back below the neutral 50 mark. </li><li data-component-type="container">The NBS survey is larger than Caixin’s one and has a stronger focus on the bigger state-owned firms, whereas Caixin’s survey focuses more on private and export-oriented firms. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

While recent macro data pointed to an improving growth momentum over the summer months, the October PMIs published over the past few days serve as a reminder that headwinds from the property sector woes and the global growth slowdown are still strong. To start with manufacturing, the October PMIs from both NBS and Caixin dropped back below the neutral 50 mark. The NBS survey is larger than Caixin’s one and has a stronger focus on the bigger state-owned firms, whereas Caixin’s survey focuses more on private and export-oriented firms. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China - October PMIs signal growth risks