Released: 27 July 2021
Chinese Economy Grows Fast in July
Rapid growth has resumed in China in virtually all business sectors.
The Indexes uniformly reported on very high levels of Business Confidence (up at a 75 month high); Staffing (a 78 month high); Profits (an all time high), and Market and Sales Growth (almost 4 year highs).
Although Price rises continue at abnormal rates, signs of an abatement in the rate of growth appeared in July to the relief of many.
Overall the July survey provides considerable evidence that the Chinese economy is likely to remain the engine of global growth for some time to come. Whether Government efforts to cool the pace of growth achieve their aim should become more evident in coming months.
But for now the growth engine is performing very well indeed....
China All-Sector: Headline Sales Managers Index
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