China - More Signs Of Recovery

Published 12/14/2015, 06:55 AM
Updated 05/14/2017, 06:45 AM

Chinese data over the weekend generally supported the picture of a moderate recovery in the industrial sector fuelled by higher credit growth and a slight improvement in exports. This is broadly in line with our scenario - both for China as well as the global manufacturing cycle, see Global Outlook: Bottom in global manufacturing cycle, 10 December 2015 . While encouraging, we still look for more rate cuts from PBoC to ease the debt burden of Chinese companies.

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