China economy

UBS highlights the CSI 500 as an alternative AI bet for investors looking to diversify their exposure

Reading contrasts with official survey on Aug 31, which said sluggish domestic demand weighed on services activity

Output rose at the fastest pace in three months

Official manufacturing PMI rises to 49.8 from 49.2 in July; non-manufacturing PMI remains at 49.0 support economy

Prolonged industry downturn persists into July, the latest period for which sales data is available.

Up to other countries to give China an incentive to shift away from exports, he says

The country’s new home prices continued to fall in July

Consumer-facing and property-related industries continue to suffer from subdued domestic demand

She urges all countries to tackle their fiscal problems and wants central banks to stay ‘laser-focused’ on their price stability mandates