Key Points
- China’s factory output expanded 4.4% in May, rises less than expected, Sales have fallen for four straight months as shops, restaurants [2][2]
“News over the weekend have done little to ease concerns over the risk of a new round containment measures,” Rodrigo Catril, senior foreign exchange strategist at National Australia Bank, wrote in a note. 1
China’s central bank vice governor said recently that the economic hit from the pandemic was bigger than first expected and that even more policy support was needed. [2][2]