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πŸ‡¨πŸ‡³ PBOC's May easing has reached the offshore channel, but the order book hasn't followed

πŸ‡¨πŸ‡³ 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.

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