Elliot Clarke, Research Analyst at Westpac, notes that in contrast to many other major nations across the globe, China’s official PMI survey highlighted that manufacturing conditions improved in the month to the strongest level since September 2017, and before that July 2011. Key Quotes “Though global momentum looks to have slowed marginally, external demand for Chinese manufactured goods strengthened in the month, as did domestic demand. It is likely that this is a peak for momentum overall; however, China will probably be able to sustain momentum better than most.” “So far in 2018, we have seen fixed asset investment recover from its 2017 lows, while growth in the consumer sector sustained a robust pace. This combination is not enough to stop aggregate growth slowing, but it will form a strong foundation for growth to remain near the level authorities are targeting for 2018 (“around 6.5%”). We are forecasting growth of 6.3% and 6.1% for China in 2018 and 2019, down from 6.9% in 2017.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany’s Altmaier: US tariff decision is a ‘big mistake’ FX Street 5 years Elliot Clarke, Research Analyst at Westpac, notes that in contrast to many other major nations across the globe, China's official PMI survey highlighted that manufacturing conditions improved in the month to the strongest level since September 2017, and before that July 2011. Key Quotes "Though global momentum looks to have slowed marginally, external demand for Chinese manufactured goods strengthened in the month, as did domestic demand. It is likely that this is a peak for momentum overall; however, China will probably be able to sustain momentum better than most." "So far in 2018, we have seen fixed asset investment recover… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
