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China PMI May Return To Expansion On Policy: Yicai

CHINA PRESS
MNI (Singapore)

China's manufacturing gauge can return to expansion in the next few months after the government stated its strong fiscal policy support, such as accelerated local governent bond issuances that support infrastructure investment and help boost industrial production, Yicai.com said citing analysts. However, domestic Covid-19 outbreaks and commodity prices are having a greater-than-expected impact on the economy, putting pressure on growth, it said. Monetary loosening is now more necessary with a growing possibility of an RRR cut, Yicai said.

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