Sunday, August 24, 2014

China's lower PMI is unlikely to foreshadow a meaningful slowdown

First, the degree of fall in the flash PMI is small in relation to the variance in the series, though the PMI does tend to lead industrial production by a month or two (see Figure). Second, the Chinese interbank market and its bond market do not reflect credit tightness. Read More:

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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