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Why is China’s economic outlook raising alarms after August’s non-manufacturing PMI plunge?

Summary:
[unable to retrieve full-text content]Temporary shocks caused by Delta variant outbreaks may have been to blame for depressing China’s economic sentiments in the past month, but economists warn that the latest falling purchasing managers’ indices signal further problems in the economy.And they are calling for more loosening of liquidity and increased fiscal spending.Meanwhile, there is an emerging consensus among analysts who believe that the peak of China’s post-coronavirus economic momentum is already behind it. Banks, too,…

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[unable to retrieve full-text content]
Temporary shocks caused by Delta variant outbreaks may have been to blame for depressing China’s economic sentiments in the past month, but economists warn that the latest falling purchasing managers’ indices signal further problems in the economy.And they are calling for more loosening of liquidity and increased fiscal spending.Meanwhile, there is an emerging consensus among analysts who believe that the peak of China’s post-coronavirus economic momentum is already behind it. Banks, too,…

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