Easing case strengthens on weak PMIs – Commerzbank

Commerzbank’s Dr. Henry Hao argues that two months of broad Purchasing Managers’ Index (PMI) contraction leave China’s Gross Domestic Product (GDP) growth tracking below the official 4.5%-5.0% target, intensifying pressure on Beijing. Fiscal spending is slowly easing from austerity, with new coordinated measures planned for H2. The People’s Bank of China (PBoC) signals moderately loose […]