The USD/CNH is falling. China’s economic activity increased slightly in March, BBH currency analysts report.
Perspectives will remain not impressive
“The compound PMI increased to a maximum of three months by 51.4 compared to 51.1 in February, driven by a rebound in the impulse of manufacturing and non -manufacturing growth. The manufacturing PMI rose 0.3 points to a maximum of one year in 50.5 (consensus: 50.4) and the non -manufacturing PMI improved 0.4 points to a maximum of a maximum of three months in a maximum of three months in 50. 50.6). “
“However, the growth prospects will continue to be not impressive while those responsible for the policy do not address the root cause of the weak consumption expenditure activity: low income levels of households, high precautionary savings and high levels of household debt.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
