China aims to stabilize trade and investment but forthcoming April economic data release could send more foreigners for the exits.
The Chinese economy is expected to improve late in the second quarter when the central government’s supportive measures start showing effects, according to a group of mainland academics and researchers. Markets, however, aren’t so sure judging by the ongoing sell-off amid indications a wider Covid lockdown is on the cards.
China’s manufacturing purchasing managers’ index (PMI) fell to 47.4% last month from 49.5% in March. It was the second consecutive month the figure dropped below 50%, which indicates a contraction in economic activities.
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China - in His image 