China’s Manufacturing Is Back in Expansion

The transcript discusses the economic outlook, focusing on PMI data indicating a potential recovery, though caution is advised. It highlights the impact of US-China trade tensions on economic sentiment and the PBOC's cautious approach to monetary policy. The PBOC aims to maintain conventional policies while being prepared for a global slowdown, avoiding aggressive monetary easing.

What is the key question regarding the end of the downturn?

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According to some economists, when should we expect to see signs of recovery?

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What do the manufacturing and non-manufacturing PMI numbers suggest about the economy?

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How might trade talks impact the economic outlook according to the text?

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What challenges does the PBOC face in terms of monetary policy?

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