Comment & Analysis
Is 7% growth away from China? By Zhou Hao, Commerzbank
China’s Caixin PMI surprised the market on the downside by a large margin, pointing to a high possibility that China will miss 7.0% growth in Q3. For the whole year, China will likely register the slowest growth since 1991. We thus see upside bias in USD-CNY and USD-CNH for the…
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