Chinese economy facing short-term pain before rebound

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Pantheon Macroeconomics with the note:

Key Points:

The Caixin PMI confirms the grim short-term outlook for the Chinese economy in the official survey…

…But supply-chain disruptions are less serious than during the Q2 2022 lockdown…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.