Standard Chartered analysts suggest that their China’s August SME survey showed early signs of stabilisation in economy. Key Quotes “The headline SMEI (Bloomberg: SCCNSMEI ) edged up to 54.5 in August from 53.8 in July, with the growth momentum indicator (new orders minus finished-goods inventory) picking up again after dropping for three consecutive months. The services sector showed an improvement in performance, while the manufacturing sector disappointed. Domestically focused SMEs outperformed exporters.” “Both the ‘current performance’ and the ‘expectations’ sub-indices edged higher versus July, though they remained relatively low.” “SMEs’ expectations of real activity turned benign, pointing to a possible mild recovery later this year.” “SMEs’ credit conditions remain a concern, with the ‘credit’ sub-index easing in August after improving in July.” “The recent loan prime rate (LPR) reform, making it the new reference rate for loans, should improve interest rate transmission. However, to consistently lower financing costs for SMEs, we think the authorities will need to offer cheaper funding to the banking system.” 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 EUR/GBP moves to daily highs near 0.9150 FX Street 4 years Standard Chartered analysts suggest that their China's August SME survey showed early signs of stabilisation in economy. Key Quotes "The headline SMEI (Bloomberg: SCCNSMEI ) edged up to 54.5 in August from 53.8 in July, with the growth momentum indicator (new orders minus finished-goods inventory) picking up again after dropping for three consecutive months. The services sector showed an improvement in performance, while the manufacturing sector disappointed. Domestically focused SMEs outperformed exporters." "Both the 'current performance' and the 'expectations' sub-indices edged higher versus July, though they remained relatively low." "SMEs' expectations of real activity turned benign, pointing to a possible… 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.
