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China SMEI: Pre-holiday retreat – Standard Chartered

Following the recent survey results concerning China’s Small and Medium Enterprises (SME), Standard Chartered found that the index dropped to 55.0 in January from 55.8. Their research cites nearness to the Lunar New Year holidays as the key reason behind the retreat.

Key quotes

However, raw-material restocking and rising output prices bode well for production and profit outlooks.

Exporters outperformed domestically oriented firms; manufacturing SMEs lagged services-sector ones.

SMEs’ financing conditions improved at the start of the year; the cost of borrowing rose mildly.

Forex Today: Risk-off grips Asia on China virus scare; focus on UK jobs, German ZEW

Forex today in Asia saw a strong risk-off wave this Thursday, as investors flocked to safe harbors, namely, the yen and gold amid rising concerns over
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PBoC seen reducing rates further this year – UOB

Head of Research at UOB Group Suan Teck Kin, CFA, reviewed the PBoC’s monetary conditions and potential moves for the current year. Key Quotes “China’
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