A stronger factory PMI doesn't rule out further monetary easing

Posted by Fullerton Markets on Aug 31, 2018 6:00:00 PM

China's manufacturing PMI (purchasing managers' index) unexpectedly rose to 51.3 this month. The positive data suggest external uncertainties, such as rising global trade tensions, have yet to have a significant impact on domestic growth. 

Pro-growth measures in past months have boosted the business sentiment among small enterprises. Still, further slowdowns in new orders and new export orders are likely to encourage further measures supportive of growth towards the end of the year.

How will China's rising manufacturing Purchasing Manager's Index (PMI) affects the domestic growth?

Read the article specially written by our Chief Strategist, Jimmy Zhu, for CGTN to know more.