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China bounces directy into new shock

July 4, 2022 - 09:20 -- Admin

China is bouncing out of COVID and into world of pain. Goldman: China’s Caixin manufacturing PMI rose to 51.7 in June from 48.1 in May on resumption of production as Covid cases dropped and restrictions eased. Among five major components, the output sub-index increased to 56.4 from 43.2, the largest single-month rebound since early 2020.

The post China bounces directy into new shock appeared first on MacroBusiness.

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