MARKETS SPECTATOR: Chinese data riddle

Recent Chinese data is likely to sharpen the reliability debate, as concerns grow the official figures belie business credit and activity problems.

On the face of it, weekend news that China’s official manufacturing purchasers index rose in May to 50.8 from 50.6 in April should be good news for Australian stock investors. But for some observers of the Chinese economy, the perennial question of the reliability of Chinese data is rearing its head again.

The fact the data was above most forecasts may be neither here or there. But the data comes after figures from HSBC shows manufacturing in Australia’s biggest trading partner (it takes about a fifth of Australian exports) contracted this year.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles