China’s flash PMI for December rebounded, but it remains below 50. What’s more, finished goods inventories are rising and some of the recent activity seems to have been aimed at clearing backlogs rather than fulfilling new orders. Against this backdrop it is hard to see a sustained recovery in manufacturing taking hold.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services