From the latest China Caixin Manufacturing Purchasing Managers Index (PMI).
Taken from investing
Though the actual figure of 49.4 came out to be better than the forecast of 48.9, it falls below 50 that implies contraction of the manufacturing economy.
Production looks to tick downwards though at a lesser magnitude. This does give an insight for global demand.
Let us monitor as China battle Covid19. Hopefully, the market will get better.
$FTSE China H50 Index - Dec 2022(FCH2212)$
Macro Trend
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