- Analytics
- News and Tools
- Market News
- China: Outlook looks firm in November – UOB
China: Outlook looks firm in November – UOB
FXStreet reports that economist at UOB Group Ho Woei Chen, CFA, reviewed the recent data releases in the Chinese economy.
“The manufacturing PMI from CFLP surged by 0.7 point to 52.1 in November, its highest reading since September 2017. The CFLP non-manufacturing PMI also came in above expectation at 56.4 in November, up 0.2 point from October. The reading is at its highest since June 2012. Both readings suggest that there is no letting up in China’s economic recovery momentum in 4Q, supported by strong seasonal demand with higher spendings expected in lieu of holiday travel.”
“We maintain our 4Q20 GDP growth forecast at 6.2% y/y (3Q20: 4.9%) with our full-year 2020 GDP growth at 1.9%.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
