{"id":816210,"date":"2025-01-01T02:14:24","date_gmt":"2025-01-01T08:14:24","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/01\/china-nbs-pmis-send-mixed-signals-hang-seng-index-jumps-on-services-pmi-data\/"},"modified":"2025-01-01T02:14:24","modified_gmt":"2025-01-01T08:14:24","slug":"china-nbs-pmis-send-mixed-signals-hang-seng-index-jumps-on-services-pmi-data","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/01\/china-nbs-pmis-send-mixed-signals-hang-seng-index-jumps-on-services-pmi-data\/","title":{"rendered":"China NBS PMIs Send Mixed Signals: Hang Seng Index Jumps on Services PMI Data"},"content":{"rendered":"<div data-testid=\"wp-styles-root\"><figcaption id=\"caption-attachment-1487047\">More information in our <a href=\"https:\/\/www.fxempire.com\/tools\/economic-calendar\">economic calendar<\/a><\/figcaption><h2 id=\"world-bank-growth-projections-aligned-with-beijing\u2019s-measures\">World Bank Growth Projections Aligned with Beijing\u2019s Measures<\/h2>\n<p>December\u2019s PMI figures suggest that Beijing\u2019s recent stimulus measures are beginning to take hold, aligning with the World Bank\u2019s revised growth projections. The World Bank now projects China\u2019s economy to expand by 4.9% in 2024, up from June\u2019s 4.8% estimate.<\/p>\n<p>While the World Bank\u2019s revised 2024 forecast aligns with Beijing\u2019s measures, the 2025 growth projection of 4.5% remains below Beijing\u2019s 5% target.<\/p>\n<p>The World Bank adjusted its growth forecasts based on recent trade terms and Beijing\u2019s fiscal policy measures. Nevertheless, the Bank warned of lingering challenges, including the housing market and consumer wage growth.<\/p>\n<p>Addressing domestic consumption could be crucial as US tariffs and a potential US-China trade war loom. In December, Beijing announced stimulus measures targeting consumption and broader domestic demand.<\/p>\n<p>These measures may counter the impact of US tariffs on China\u2019s economy and PMI trends. As the second largest economy, an improving macroeconomic environment may be crucial for export-driven economies, including Australia and the Eurozone.<\/p>\n<h2 id=\"the-hang-seng-reaction-to-the-nbs-manufacturing-pmi\">The Hang Seng Reaction to the NBS Manufacturing PMI<\/h2>\n<p>Ahead of the PMI release, the <a href=\"https:\/\/www.fxempire.com\/indices\/hk33-hkd\" target=\"_blank\" rel=\"noopener noreferrer\">Hang Seng Index<\/a> declined to a low of 20,003.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.fxempire.com\/news\/article\/china-nbs-pmis-send-mixed-signals-hang-seng-index-jumps-on-services-pmi-data-1487043\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Bob Mason<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More information in our economic calendar World Bank Growth Projections Aligned with Beijing\u2019s Measures December\u2019s PMI figures suggest that Beijing\u2019s recent stimulus measures are beginning to take hold, aligning with the World Bank\u2019s revised growth projections. The World Bank now projects China\u2019s economy to expand by 4.9% in 2024, up from June\u2019s 4.8% estimate. While<\/p>\n","protected":false},"author":1,"featured_media":816211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1827,23186],"tags":[],"class_list":{"0":"post-816210","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-china","8":"category-mixed"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=816210"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/816211"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=816210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=816210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=816210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}