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31 Mar 2015
China growth woes continue – FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Dhwani Mehta, comments on the recent disappointing Chinese data releases and further shares the PBoC Governor’s comments on risks of deflation.
Key Quotes
“With China’s manufacturing sector activity lowest in 11-months and industrial profits dropping to worst in 2 years, the Chinese economy continues to show further signs of slowdown.”
“The fragile economic recovery once again raises concerns over external demand from the world’s largest consumer and hence weighs on the Aussie. China is Australia’s top export destination.”
“Recently, China's industrial profits dropped by 4.2% in Jan-Feb, it is steepest fall since 2012. The HSBC Flash China Manufacturing PMI for March fell to 49.2, compared with 50.7 in February.”
“China's CPI rose an annual 1.4% in February, it’s still much lower than the price growth China has experienced over the last decade, which reached almost 9% at one point.”
“PBOC Governor Zhou Xiachuan warned that China is not exempt from the risks of deflation. "Inflation in China is also declining. We need to have vigilance if this can go further to reach some sort of deflation or not”.”
Key Quotes
“With China’s manufacturing sector activity lowest in 11-months and industrial profits dropping to worst in 2 years, the Chinese economy continues to show further signs of slowdown.”
“The fragile economic recovery once again raises concerns over external demand from the world’s largest consumer and hence weighs on the Aussie. China is Australia’s top export destination.”
“Recently, China's industrial profits dropped by 4.2% in Jan-Feb, it is steepest fall since 2012. The HSBC Flash China Manufacturing PMI for March fell to 49.2, compared with 50.7 in February.”
“China's CPI rose an annual 1.4% in February, it’s still much lower than the price growth China has experienced over the last decade, which reached almost 9% at one point.”
“PBOC Governor Zhou Xiachuan warned that China is not exempt from the risks of deflation. "Inflation in China is also declining. We need to have vigilance if this can go further to reach some sort of deflation or not”.”