What does a PMI number of 50.4 indicate about the manufacturing sector?
UBS' Kwok Sees More pronounced China Slowdown in 2018
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The video discusses China's PMI numbers, indicating economic expansion with a PMI of 50.4. State official numbers also show better-than-expected growth, suggesting stability. Despite reports of a slowdown, the economy shows resilience with strong consumption and exports. The correlation between industrial metals and PMI is highlighted, with projections indicating a gradual slowdown post-party Congress, mainly due to property and credit issues.
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1.
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3 mins • 1 pt
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2.
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3 mins • 1 pt
How did the state official numbers compare to expectations?
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3.
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3 mins • 1 pt
What does the term 'stability' refer to in the context of economic growth?
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4.
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3 mins • 1 pt
What are the implications of the correlation between industrial metals and PMI?
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5.
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3 mins • 1 pt
What factors are contributing to the expected slowdown in China’s economy?
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