π¨π³ PBOC's May easing has reached the offshore channel, but the order book hasn't followed
The day in view
π¨π³ PBOC's May easing has reached the offshore channel, but the order book hasn't followed
Hong Kong's April M3 money supply jumped to 3.1% year-on-year from 1.2%. PBOC's May stimulus has reached the offshore channel. China's May NBS Manufacturing PMI, due imminently, will show whether it has reached real demand at all.