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The MNI China Liquidity Survey,..........>

CHINA DATA
CHINA DATA: The MNI China Liquidity Survey, published earlier today, showed a
significant improvement in expectations for the Economic Outlook in China
despite liquidity conditions seen as tightening in February. This is interesting
as it contrasts with the January survey which showed expectations for the
Economic Outlook deteriorating despite Liquidity Conditions being viewed as
close to historic easy levels at the time. On balance, these changes in the MNI
Survey seem to point towards an improving Economic Outlook, Tightening Liquidity
Conditions and a move away from a PBoC easing bias.

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