Reported 12 months ago
A recent report indicated that concerns surrounding China's economic outlook continue despite a rise in factory activity. While the Caixin manufacturing PMI reached a three-year high, indicating expansion, worries remain as the gauge of company managers’ expectations for future output dropped to the lowest level since late 2019. Analysts are calling for Beijing to bolster measures to support the real estate market and boost consumption. The uneven economic recovery in China, with strong manufacturing but weak consumption, has led to subdued domestic demand amidst deflationary pressures and a challenging global trade environment.
Source: YAHOO