Media

Chinese PMI Data Show Yuan Assets Could Be A 2019 Safe-Haven

[fa icon="calendar"] Feb 28, 2019 4:35:32 PM / by Jimmy Zhu

A deep contraction in China's manufacturing PMI this month mainly reflected a deteriorating external environment, as export orders fell to their lowest level since the global financial crisis.

Meanwhile, a pick-up in the new orders index is an encouraging sign. A divergence between the two suggests that yuan assets may become a “safe-haven” this year. Read the full article written by our Chief Strategist, Jimmy Zhu on CGTN. 

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Topics: Media Updates, 2019



Author: Jimmy Zhu

Jimmy Zhu