On China’s recent upbeat economic data

 If you look at the recent economic data coming out of China, it is clear the economy is in a bottoming process. The question is whether the measures used to keep the economy from sliding further are sustainable.
The most recent piece of data confirming the stabilisation in China is the HSBC Flash PMI print, which came in at 50.4, a 13-month high. Previously, non-manufacturing, retail sales and credit data had all shown China in a period of more rapid GDP growth after a fall to the lowest GDP g...


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