According to Zhiwei Zhang, economist at Nomura: "The slight decline should be interpreted as a positive sign, in our opinion, as this index has on average fallen by 1.1 points between May and June in the past seven years. We believe policy easing measures since May are, with the accustomed lags, now starting to filter through to the economy."
July 2, 2012
China: relaxing monetary policy is filtering to the economy.
The rate of declining of production is falling rapidly ...
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