China: PMIs improve and it looks like a soft landing

- "Both of China’s manufacturing PMIs improved in August, suggesting a soft landing in the Chinese economy rather than a sharp slowdown. Nonetheless, GDP growth will be weak in the current quarter, but should start to improve in Q4."
- "Further monetary tightening is still off the table for the rest of the year. However, it looks increasingly likely that existing tightening measures will remain in place and the government will not be forced into new fiscal easing."

DenDanske Flash Comment 20100901

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