Finally,PMI survey data from S&P Global and Caixin showed the mainland Chinese economy losing growth momentum at the start of the third quarter. A renewed manufacturing downturn was accompanied by relatively subdued service sector growth compared to ea...
Second, China's Caixin composite PMI eased to 53.0 from 54.0.However, it was overshadowed by two other developments. First, the lockdown in Chengdu was extended to the middle of the week (at least). Lockdowns related to Covid now cover areas that account for a little more than 1/3 of...