UOB Group’s Economist Ho Woei Chen, CFA, reviews the latest results from Chinese PMIs.
“The PMIs released by CFLP (China Federation of Logistics & Purchasing) showed a second consecutive month of contraction in the manufacturing sector while non-manufacturing outlook also moderated in Aug.”
“With 1 ½ months to China’s 20th Party Congress on 16 Oct, COVID curbs are expected to be tightened and thus increasing risks to business and supply chains disruption. High sustained global inflation driving more aggressive monetary policy tightening and weaker global demand as well as further slide in the Chinese property market and geopolitical tensions are also weighing down the recovery outlook for China. The support measures targeting infrastructure spending and improving credit demand are unlikely to negate the downside factors.”
“As such, China’s growth forecasts are poised for further downgrade as hopes for a turnaround in the coming months fade. We thus revise down our 2022 GDP growth forecast for China to 3.3% from 4.1% with 3Q22 at 3.4% y/y and 4Q22 at 4.5% y/y. Our forecast for 2023 will also be adjusted lower to 4.8% from 5.0%, taking into account of the increasing external risks next year.”
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.