The Chinese government is scrambling to boost economic growth by implementing a new central plan that will continue to urbanize the country. The official March M-PMI report remained relatively weak, though the overall index edged up to 50.3 from 50.2 in February. While the output index was at 52.7, the orders index was only 50.6. More disturbing is that the employment index (at 48.3) remained under 50.0 for the 22nd consecutive month. The country’s flash M-PMI was only 48.1 last month.
Today's Morning Briefing: Around the World. (1) Lagarde’s guarded advice to the Fed, ECB, and BOJ. (2) Ultra-easy monetary policy less effective in highly regulated economies. (3) Choose one: Structural reforms or structural stagnation? (4) A quick world tour shows slow growth. (5) Yellen humanizes unemployment with a couple of misfits. (6) Welcome to the HFT debate. (More for subscribers.)
Today's Morning Briefing: Around the World. (1) Lagarde’s guarded advice to the Fed, ECB, and BOJ. (2) Ultra-easy monetary policy less effective in highly regulated economies. (3) Choose one: Structural reforms or structural stagnation? (4) A quick world tour shows slow growth. (5) Yellen humanizes unemployment with a couple of misfits. (6) Welcome to the HFT debate. (More for subscribers.)
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