You are here

China economy not responding to monetary, fiscal easing

A privately compiled PMI deteriorates in November, a sentiment indicator falls sharply from October

Six interest-rate cuts in a year and expedited fiscal spending have yet to revive growth as overcapacity and weakness in old drivers such as manufacturing and residential construction weigh on the world's second-biggest economy.


CHINA's economy is still showing a muted response to waves of monetary and fiscal easing as at the half- way mark for the last quarter of the year, some of the earliest indicators suggest.

A privately compiled purchasing managers' index (PMI) and a gauge based on search