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High Frequency Indicators Show Improvement - Herald

CHINA PRESS
MNI (BEIJING)

China’s economic high frequency data has shown recent improvement with the market expecting a stronger recovery in Q4 following the government's recent announcement of new treasury bonds, according to the 21st Century Herald. The news agency noted passenger car market retail sales increased 19% y/y during Oct 1 to Oct 22, up 8% from the same period last month. The Yiwu Small Commodity Price Index increased 0.7% to 102.1 points, a y/y improvement. Agricultural product prices fell with the wholesale price of pork down 2.7% during the week of Oct 22 to CNY20.97/kg. Domestic Shanghai Containerised Freight Index rose 2.9% w/w to 917.7 points.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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