China factory activity declines in June

China factory activity declines in June

In China factory activity is supposed to have cooled moderately in June from last month, according to a Reuters survey. Chinese manufacturers are suppressed by government efforts to minimize high levels of debt across the world's number two economy.

The vast majority of experts agree that Beijing's crackdown on debt risks as well as tightening financial conditions will slow the country’s momentum after a strong start to 2017, when first quarter surge was 6.9%.

Corporates are currently experiencing higher financing costs, and these costs could ripple through to decisions on hiring, investment and wages over 2018.

Furthermore, a raft of property curbs have effectively cooled sales in China’s key cities and also started impacting property investment. Obviously, investment surge in the real estate sector decreased for the first time for three months.

It could affect the construction sector, which is a huge boon for the Chinese economy for the last few quarters.

China’s manufacturing Purchasing Managers' Index is supposed to hit 51.0, and it would be the lowest outcome since September dip, capping the 11th straight month of surge.

Similar

Canadian CPI

Inflation data is the most important indicator that affects the central bank’s monetary policy.

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera