China's January PMIs improved markedly:
A couple of headlines crossing wires are taking some of the steam out.
Fitch:
- Automakers in China face soft consumer demand
- We believe it is too early to conclude consumer sentiment is improving, as rebound in China auto sector was driven mainly by subsidy deadlines and NEV pricing strategies
IMF chief economist
- says China's property sector will not be an engine of growth until there is some 'cleaning up' of the sector
This is the kiss of death
