JPMorgan’s Ng Sees China’s Economic Momentum Stabilizing in 2H

What is the significance of the PMI data being below 50 but showing steady improvement?

• It indicates a declining economy.

• It suggests a potential economic recession.

• It shows a positive trend despite being below the threshold.

• It means the economy is stagnant.

What was the economic trend observed in the first and second quarters?

• The economy peaked in the second quarter.

• There was a consistent growth throughout both quarters.

• The economy declined in both quarters.

• The economy peaked in the first quarter and slowed in the second.

Which sector is expected to benefit from government policy support?

• Technology

• Real estate

• Manufacturing

• Infrastructure

What are the two key challenges facing the manufacturing sector?

• Environmental regulations and high taxes

• High labor costs and low demand

• Lack of innovation and outdated technology

• Trade policy uncertainty and supply chain relocation

What is the expected growth rate for manufacturing investment for the rest of the year?

• Negative growth

• Low single digits

• Stable at current levels

• High double digits