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This is a huge difference.
China's reopening isn't faltering, it's booming! Or is it? The Chinese government reported big PMI numbers for February, but what do these things actually mean? I'm not sure anyone knows because it is not what everyone says. Plus, bonus breakdown of the US PMI from ISM.
Eurodollar University's Money & Macro Analysis
Zhao Qinghe, senior statistician of the Service Industry Survey Center of the National Bureau of Statistics, interprets the February 2023 China Purchasing Managers Index
http://www.stats.gov.cn/tjsj/sjjd/202303/t20230301_1919035.html
February 2023 Manufacturing ISM® Report On…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.