Editorial: Without Effective Restructuring, China’s Economy Won’t Enter New Boom Cycle
Market sentiment in China has been increasingly optimistic, following the report of the country’s better-than-expected economic growth of 6.9% in the first half of this year.
The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) rose to 51.1 in July, the highest in four months, further fueling the optimism.
Some analysts have again been drawing a rosy picture of China entering a “new economic cycle.” Others are skeptical.
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