No need for Chinese contortions

As China attempts to rebalance its economy, data indicators continue to fall short of expectations. Beijing needs to tread a fine line, without major adjustments, to achieve the desired structural transition.

FT.com

What should one make of the indicators coming out of Beijing that have regularly fallen short of market expectations; the most recent being an August PMI – further revised downwards – showing manufacturing intentions hitting a nine-month low?

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