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China economic recovery to be short-lived despite manufacturing rebound as analysts fail to upgrade forecasts

Summary:
[unable to retrieve full-text content]China’s weakening economy is showing signs of short-term stabilisation, following two batches of positive manufacturing data and the increased likelihood of a pause in the trade war with the United States, analysts said, although they fell short of upgrading their economic growth forecasts for 2020.The private Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) for smaller private factories edged up to 51.8 in November from 51.7 in October, according to data released on Monday. This…

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[unable to retrieve full-text content]
China’s weakening economy is showing signs of short-term stabilisation, following two batches of positive manufacturing data and the increased likelihood of a pause in the trade war with the United States, analysts said, although they fell short of upgrading their economic growth forecasts for 2020.The private Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) for smaller private factories edged up to 51.8 in November from 51.7 in October, according to data released on Monday. This…

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