China economy not responding to monetary, fiscal easing
A privately compiled PMI deteriorates in November, a sentiment indicator falls sharply from October
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Beijing
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 engine interest in small and medium-sized businesses deteriorated this month, while a sentiment indicator dropped sharply from October. Combined, the reports make gloomy reading ahead of official releases, the earliest of which will be manufacturing and services PMI reports due Dec 1.
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