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China Industrial Recovery Chartbook, June 2020

China’s high-frequency data in May point to a V-shaped recovery in heavy industrial materials output and infrastructure construction, and a slower, L-shaped recovery in consumer and external demand. Rising inventories paired with falling producer prices risk another destocking cycle later in the year. The longevity of the current recovery is linked to nationwide property sales levels, particularly in smaller cities.

Posted June 8, 2020
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