- China Mulls U.S. Type of Retirement Plan
The bottleneck squeezed china is whether it can follow the example of U.S. tax-delay mechanism, which may require much more support from the financial and tax departments.
- HSBC China Manufacturing PMI at 49.3: HSBC Report
At 49.3,the reading of manufacturing PMI is consistent with an IP growth rate of around 12-13%, leaving enough room for Beijing to keep tightening measures in place through 3Q to check inflation.