China: Three Things in China

This report highlights the uptick in June's official PMI data and the PBOC's successful deployment of a new overnight reverse repo tool to manage seasonal liquidity. It also reflects on shifting investor sentiment between domestic and overseas clients regarding China's economic outlook.

Key Takeaways

• 1.Official NBS manufacturing PMI increased to 50.3 in June from 50.0 in May.
• 2.The PBOC implemented a new overnight reverse repo tool to stabilize interbank liquidity at quarter-end.
• 3.Onshore investor sentiment is cautious due to weakening macro data and policy constraints, while overseas clients are seeking consumption-related opportunities.

Table of Contents

• Three quick highlights from China
• Local marketing takeaways
• Recent GS China macro research
• Disclosure Appendix

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial