China | July PMIs depict mixed picture, PBoC to implement more monetary easing
Published on Monday, August 1, 2016 | Updated on Sunday, May 13, 2018
China | July PMIs depict mixed picture, PBoC to implement more monetary easing
China’s official factory gauge contracted in July after expanding for four consecutive months, missing economist expectations. Accommodative monetary as well as fiscal policy stances will be necessary in order to prop up domestic demand in the interim.
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