PMI中国制造业季刊.docxVIP

PMI Quarterly on China Manufacturing October 2020 PMI PMI 3Q20 Strong recovery of industrial production and economic activity Policy Outlook China likely to focus on full implementation of economic stimulus policies 4Q20 Forecasts Real GDP growth to go up to 6.0% yoy while PMI to fluctuate within 51.0 to 51.5 Fung Business Intelligence Helen Chin Vice President helenchin@ William Kong Senior Research Manager Williamkong@ China Federation of Logistics Purchasing Chen ZhongTao czt@ Issue 42 PMI points to strong recovery of industrial production and economic activity in 3Q20 Our obser