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Couple of China headlines subduing the mood

Started by forex4you, Jan 31, 2023, 10:31 am

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Couple of China headlines subduing the mood

<p>China's January PMIs improved markedly:</p><ul><li><a href="https://www.forexlive.com/news/china-january-official-pmi-manufacturing-501-expected-498-services-544-expect-520-20230131/" target="_blank" rel="follow" data-article-link="true">China January official PMI: Manufacturing 50.1 (expected 49.8) Services 54.4 (expect 52.0)</a></li></ul><p>A couple of headlines crossing wires are taking some of the steam out. </p><p>Fitch:</p><ul><li>
Automakers in China face soft consumer demand</li><li>We believe it is too
early to conclude consumer sentiment is improving, as rebound in
China auto sector was driven mainly by subsidy deadlines and NEV
pricing strategies</li></ul><p>
IMF chief economist </p><ul><li>says China's property sector will not be an
engine of growth until there is some 'cleaning up' of the sector</li></ul>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Couple of China headlines subduing the mood

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