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

Posted by Jimmy Zhu on Feb 28, 2019 4:35:32 PM

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.