China’s Manufacturing Is Back in Expansion

The transcript discusses the economic outlook, focusing on PMI data indicating a potential recovery, though caution is advised. It highlights the impact of US-China trade tensions on economic sentiment and the PBOC's cautious approach to monetary policy. The PBOC aims to maintain conventional policies while being prepared for a global slowdown, avoiding aggressive monetary easing.

What is the key question regarding the end of the downturn?

According to some economists, when should we expect to see signs of recovery?

What do the manufacturing and non-manufacturing PMI numbers suggest about the economy?

How might trade talks impact the economic outlook according to the text?

What challenges does the PBOC face in terms of monetary policy?