The PMI data “indicate the recovery in China is gaining traction, led by services sector while manufacturing is likely not as bad as expected,” said Ho Woei Chen, economist at United Overseas Bank Ltd. in Singapore. For monetary policy, the implication is that interest rates will likely be on pause, although another cut to the reserve requirement ratio is possible, she said.
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Union Civil Aviation Minister Jyotiraditya Scindia addressed the media in the national capital on Wednesday, talking about the development of...
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