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What Happened? - China

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Please see below selected pre-2016 intelligence about China. This is a synthesis of major recent developments at corporates, business schools, thinktanks, media, commentators, and other key influencers.


December 2015






  • Activity in China's services sector expanded at a slower pace in November as new orders weakened. The Caixin/Markit Purchasing Managers' Index fell to 51.2 in November from a three-month high in October of 52.0. A reading above 50 points signifies growth on a monthly basis, while one below that points to a contraction.New business rose at a slower pace of 51.1 - down from 52.9 in October - showing weaker domestic and external demand while employment in services rose only marginally, with the smallest increase in three months.




  • The latest snapshot of manufacturing activity by the Chinese Federation for Logistics and Purchasing showed activity slipping for the fourth month in a row, falling further below the 50 no-change mark to 49.6 in November from 49.8 the previous month. Economists at ANZ Bank said the data could prompt yet another rate cut from China's policymakers.




November 2015
















October 2015


  • New data out this week sheds some more light on the dynamics of the pressures facing China's industrial sector. Industrial profits are down 1.7% on last year, according to the most recent data - EIU, 29th October 2015






  • China's commodity companies are drowning in a sea of debt" - Business Insider, 21st October 2015





  • PwC's own Economics team launched its monthly Global Economy Watch for October. This month, our economists focused on China’s slowing economy as policymakers manage the rapid cooling of its debt-fuelled property market, and analyse how this poses a major challenge for some economies.


  • "China's new path to sustained growth" argued that there will be increasing demand from China for high-quality services and high-tech products, and China’s outbound investment will be more active. Indeed, especially in trade in services and two-way investment, the possibilities for strengthening cooperation between China and the U.S. are almost limitless - Bloomberg Views



September 2015















August 2015









  • China’s stockmarkets remained turbulent, including a 6% plunge in the Shanghai Composite Index on August 18th - The Economist, 23rd August 2015






July 2015









  • Indeed, the Chinese government intervened to try to stem the popping of a stockmarket bubble. While the impact on the real economy in the short term is likely to be slight, for the EIU there are two big reasons to be more pessimistic longer-term. The first is that the Chinese leadership firmly stamped their names on the intervention. It looks to be their first major misstep, and could be the precursor to some internal wrangling. The second is what the intervention says about the likelihood of medium-term economic reform: certainly it does not seem to reflect policymakers committed to giving markets a 'decisive' role, as promised in 2013 by the Chinese Communist Party government.