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PMI Shows Policy Efforts Still Needed - Expert

CHINA PRESS
MNI (BEIJING)

The government should use investment to boost the economy after January’s PMI reading of 49.2 showed domestic demand remained insufficient, according to Zhang Liqun, a special analyst at the China Federation of Logistics and Purchasing. Going forwards, the PMI will remain moderate as domestic demand recovers, but the Spring Festival and uneven trade patterns will cause fluctuations, according to Zhou Maohua, macro researcher at China Everbright Bank. Manufacturers will see energy and industrial raw material supply chains impacted by geographical conflicts, causing uncertainty, Zhou added. (Source: 21st Century Herald)

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

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