Bright prospects The surge in Indian equities is a reflection of the strength and potential of the country’s economy, according to economists and fund managers.
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China’s factory activity shrinks for a third month as recovery momentum stalls
China's June manufacturing PMI: 49.0, third monthly contraction China's June non-manufacturing PMI: 53.2, weakest this year to date
China's factory activity in June contracted for a third month, while non-manufacturing activity was at its weakest since Beijing abandoned its strict "zero Covid" policy late last year. The latest data points to a patchy recovery in the world's second-largest economy as the growth momentum fizzles.
The official manufacturing purchasing managers' index (PMI) came in at 49.0 in June — compared to 48.8 in May and 49.2 in April — according to data from the National Bureau of Statistics released on Friday. June's reading was in line with the median forecast in a Reuters poll.
Friday's figures also showed China posting its weakest official non-manufacturing PMI reading this year, coming in at 53.2 in June — compared to 54.5 in May and 56.4 in April. A PMI reading above 50 points to an expansion in activity, while a reading below that level suggests a contraction.
"Economic momentum is still quite weak in China. Recent data shows the global economy is slowing, which will likely put further pressure on external demand in the coming months," said Zhang Zhiwei, Pinpoint Asset Management's president and chief economist.
"On the other hand, the government's growth target of 5% this year is quite modest given the low base last year. It is not clear if the weak economic data would push the government to launch aggressive stimulus measures soon," he added.
The Hang Seng Index and the CSI 300 index reversed losses to rise marginally in early Friday trade after the PMI data was released. The Chinese yuan hit its weakest against the U.S. dollar since mid-November despite the central bank's stronger-than-expected midpoint fix — the fourth this week as the PBOC seeks to stem weakness in the currency.
after 1 year already useless CCP can't solve the problem, worse than 3 rd world country.
Property bubble burst caused negative assets due to CCP high leverage of investment got nothing to do with westerns. Communism and socialism also come from western rubbish, just look at USSR, Cuba and North Korean.
after 1 year already useless CCP can't solve the problem, worse than 3 rd world country.
Property bubble burst caused negative assets due to CCP high leverage of investment got nothing to do with westerns. Communism and socialism also come from western rubbish, just look at USSR, Cuba and North Korean.
Ans: Local governments, local banks, developers, police, judges all are CCP. CCP holds on the issue to save themselves, depositors could not withdraw their money for more than 1 year got nothing to do with them.
China has the world's most successful record in poverty eradication.....to be comparable would be for Malaysia to bring the sakai, the ibans and kadazans into middle class in Malaysia and have them educated and part of modernity not just giving fishes occasionally but actually teaching and enabling them to fish
The CPC is a revolutionary party and true to its revolutionary origin, it's motto is to serve the people especially the people from the bottom 50%....Maoist class struggles may be over, but the revolutionary spirit is not over.....and that is what really scares the capitalists in America
Chinese modernity will not just be American capitalism. Chinese modernity will it's its own path according to his culture, tradition and history.and Confucianism
CCP love face enigineering & US dollars. Communism and socialism are the rubbish from western got nothing to do with ancient china. CCP Xi lead the country to wrong direction but normal citizens suffered from negative assets.
Wang yi telling Japan and Korea they can dye their hair but they can never be white men......wang yi tells japanese and Koreans, even if u sharpen your nose , u will not be americans. .same can be say of you two.
Bad debts from local governments eventually normal peoples have to pay for the price.
Bad debts from local government will put pressure on financial systems, banking system might collapse. The CCP running dogs are parking at the victims to collect more USD dollars.
Bad debts from local governments eventually normal peoples have to pay for the price.
Bad debts from local government will put pressure on financial systems, banking system might collapse. The CCP running dogs are parking at the victims to collect more USD dollars.
The local victims will prefer to kill both CCP and CCP dogs due to the their corruption and sex addicted .
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