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CHINA:  China’s CAIXIN up Strongly in November. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In signs that the various policy measures are having an impact, China’s CAIXIN PMI Manufacturing bounced for November up to 51.5 from 50.3 prior.
  • This is the highest reading in five months and likely indicates that the impact of stimulus is starting to impact corporate activity and behaviors.
  • Output was up to 53.2 from 51.8 in October.
  • New orders were higher than the month prior.
  • The corporate sector has been somewhat buffeted in the China downturn as exports have remained robust.
  • As the threat of tariffs and a trade war mark 2 is looming from the US, Chinese manufacturers will be bracing for the challenges.
  • Since September China has cut rates and extended assistance to the housing sector which has been under pressure for several years.
  • There are some expectations that in the coming months, potential further stimulus measures could be announced in the form of more RRR cuts. 
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  • In signs that the various policy measures are having an impact, China’s CAIXIN PMI Manufacturing bounced for November up to 51.5 from 50.3 prior.
  • This is the highest reading in five months and likely indicates that the impact of stimulus is starting to impact corporate activity and behaviors.
  • Output was up to 53.2 from 51.8 in October.
  • New orders were higher than the month prior.
  • The corporate sector has been somewhat buffeted in the China downturn as exports have remained robust.
  • As the threat of tariffs and a trade war mark 2 is looming from the US, Chinese manufacturers will be bracing for the challenges.
  • Since September China has cut rates and extended assistance to the housing sector which has been under pressure for several years.
  • There are some expectations that in the coming months, potential further stimulus measures could be announced in the form of more RRR cuts.